News Letter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 Search
 About China
- China at a glance
- Constitution
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 10:26, November 19, 2004
China's housing prices surge in first 10 months
font size    

The commercial housing prices in China jumped 11.7 percent in the first 10 months year-on-year to 2,758 yuan (333.4 US dollars) per square meter.

However, the growth rate of the prices in October dipped 1.3 percentage points from September, according to figures released Thursday by the National Bureau of Statistics.

From January to October, the commercial home prices also rose 10.2 percent over the same period last year to 2,566 yuan (310.2 dollars) per square meter.

By the end of September, the vacancy rate of commercial housing stood at 97.7 million square meters, down 3.7 percent from the same period last year, while that of commercial homes declined by 13.2 percent to 57 million square meters.

From January to October, 134 million square meters of land were developed by the country's real estate developers, up nine percent year-on-year, with 198 million square meters of floor space of housing completed.

During the same period, 952.6 billion (115 billion dollars) yuan were spent on real estate development, in increase of 28.9 percent from the corresponding period last year.


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- Housing price in 35 major cities up 9.9% in 3rd quarter

- China's housing price up 13 percent in first three quarters


Copyright by People's Daily Online, all rights reserved