Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China's housing price up 10.5% in November
+ -
20:03, December 14, 2007

 Related News
 Policies fail to curb soaring home prices
 Spiraling prices spur new rules on lending
 Spiraling prices spur new rules on lending
 July sees record housing price rises in major Chinese cities
 Comment  Tell A Friend
 Print Format  Save Article
Housing price in 70 major Chinese cities jumped by 10.5 percent in November, according to an official with the country's top economic planning body.

The growth rate was the largest monthly rise since July 2005 when China started to cover more cities in its monthly housing price survey.

From January to November, housing price grew by 7.3 percent year-on-year, with price of new homes jumping 7.9 percent, Cao Changqing, director of the pricing department under the National Development and Reform Commission (NDRC), said in an online interview on Thursday.

The skyrocketing housing price, driven up by speculation and growing demand, has become a major concern of common Chinese citizens.

"Despite falling sales, housing prices in parts of Beijing, Shanghai, Guangzhou, and Shenzhen still remain high," he said.

Housing price is expected to remain stable as the macro-control policies are starting to yield results, Cao said.

In recent years, the Chinese government introduced a string of policies to cool off the red-hot real estate market, including raising the down payments for second-house to 40 percent from 20 percent.

Source: Xinhua



  Your Message:   Most Commented:
Readers Pick: Similar poses by babies and cats
World celebrities on China's peaceful rise, a harmonious world

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/6321324.pdf