Beijing suspends release of house price stats

17:40, October 13, 2010      

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Beijing Real Estate Transaction Management's website has suspended the release of "the ranking of commercial housing transaction average price," which are the official statistics about housing prices. Beijing Municipal Commission of Housing and Urban-Rural Development yesterday explained that because of a website merger, part of the website is closed for adjustment.

The Beijing Real Estate Transaction Management website is hosted by the Beijing Municipal Commission of Housing and Urban-Rural Development. It covers information on residential and non-residential projects in the city.

Viewers can look for all types of information, including housing prices, on the website. The site also regularly publishes the average price of sold commercial housing, and it has been announced for three consecutive years. As the average price can be arranged in price order, it is known as the "expensive housing ranking."

Recently, the website released "the third quarter of 2010 ranking of commercial housing transaction average price," but the information was taken down in only one day. This is the second time official housing price statistics have disappeared from the sight of buyers within one month following the Beijing Municipal Bureau of Statistics announcement that it would suspend the release of second-hand housing transaction prices. But consumers can still see the price of every household in the same project.

Beijing Municipal Commission of Housing and Urban-Rural Development said in order to better serve the public, Beijing Real Estate Transaction Management website will be merged with the portal of the Beijing Municipal Commission of Housing and Urban-Rural Development. In line with site upgrades, part of the website is closed for adjustment.

By Huang Beibei, People's Daily Online

(Editor:黄蓓蓓)

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