Latest News:  


Residential land prices up 2.26 pct in 2012


08:47, January 16, 2013

BEIJING, Jan. 15 (Xinhua) -- Average residential land prices in China rose 2.26 percent year on year to reach 4,620 yuan (733.33 U.S. dollars) per square meter in 2012, the Ministry of Land and Resources said Tuesday.

The growth rate was slower than the 3.34-percent increase in commercial land prices and the 2.7-percent rise in industrial land prices in 2012, according to a statement on the ministry's website.

The statement said China's average land price stood at 3,129 yuan per square meter in 2012, almost unchanged from one year earlier, partly due to a three-year campaign by the government to control property price levels amid widespread complaints about high housing costs.

"Urban land prices will rise steadily in the first quarter of the year, buoyed by an upturn in property investment and sales as well as domestic economic recovery," said Zhao Song, director of the land price division of the China Land Surveying and Planning Institute.

Data released earlier this week showed that the country's land sales totaled 2.69 trillion yuan last year, down from 3.15 trillion yuan in 2011 and flat from 2.7 trillion yuan in 2010.

The government has introduced a slew of measures in recent years, such as third-home purchase limits and property tax trials, to bring home prices down to a reasonable level and prevent social unrest.

We recommend:

KFC apologizes for unqualified chicken supply

Li Ka-shing named Hong Kong's richest again

1st individual user of grid-connected PV power

Price cut for 20 types of drugs

Top Ten Economic Events in 2012

Demand for gold rises with diversify reserve holdings


Leave your comment0 comments

  1. Name


Selections for you

  1. Carrier-based aircraft unit in flight training

  2. J-10 fighters over E. China Sea

  3. Unforgettable moments you cannot miss in Jan.

  4. Chengdu braces for holiday travel rush

  5. The strongest left-behind children

  6. Heavy fog envelops Chinese cities

  7. North American auto show kicks off in Detroit

  8. Food and flower festivals

  9. Have fun picking strawberries in Jinshan

  10. Robot Restaurant in Harbin

Most Popular


  1. A competent ‘general’ is also a good ‘platoon leader’
  2. Highlighting the skills you need in a changing China
  3. Will there be another Liu Xiang in China?
  4. Heavy smog reveals generation gap
  5. A very rash act by the US
  6. Message of caution for Japan
  7. Adding mortar to the BRICS
  8. Children without parents still lack help, protection
  9. Philippines moves in wrong direction
  10. Drinking water safety is not a simple problem

What’s happening in China

Why supervision on 'drug chicken' lacks intensity?

  1. China eyes more high-level overseas talent
  2. Lantern on sale to welcome Spring Festival
  3. China maintains family planning policy
  4. Such 'evasion' is a shame of education
  5. Snow eases air pollution in Beijing, more or less