Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Home » Business » Real Estate
Buyers shelve purchases of new homes
Print Edition
MORE home buyers in China shelved their purchase plans as strictly enforced restrictions to quell speculation continued to bite, resulting in slowing new property sales.
More than 3.66 trillion yuan (US$537 billion) of new homes, excluding government-subsidized affordable housing, were sold during the first five months of this year, up 15.3 percent annually, the National Bureau of Statistics said in a statement yesterday. But the growth slowed from a rise of 16.1 percent in the first four months and a gain of 20.2 percent in the first quarter.
The area of new homes sold during the five-month period rose 11.9 percent from a year earlier to 479.57 million square meters, slowing from a 13 percent increase in the first four months and a 16.9 percent gain from January to March, the bureau’s data showed.
Zhang Dawei, a chief analyst at Centaline Property, blamed the slowing home sales to tightening measures implemented in first and second-tier cities around the country, including stricter home purchase curbs, higher down-payment requirement and mortgage rate as well as a newly introduced lockup period for home sales.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
