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Real Estate Prices in Major Chinese Cities Up
The latest survey showed that real estate price in 35 major cities in China increased in the fourth quarter of last year.
The average sales price in those cities rose 1.2 percent, with Changchun, capital of Jilin province in northeast China, reporting the top growth rate of 9.5 percent.
The price of house renting rose 5.2 percent in the quarter compared with the same period in 1999.
The sales price of real estate in east China registered a significant growth compared with other regions, highlighted by Hangzhou and Ningbo in Zhejiang province.
Meanwhile, real estate prices in southern parts of China, such as Guangzhou and Shenzhen, remained lower than the average level of the 35 major cities.
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