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China's property prices remain depressed in Jan
Source: Xinhua |
February 18, 2012, Saturday
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PROPERTY prices in major Chinese cities continued the downward trend in January as the government's tightening measures remain in place.
In January, 48 cities out of the statistical pool of 70 major cities saw drops in new home prices from December, while home prices in 22 cities remained unchanged, the National Bureau of Statistics (NBS) said today.
On a year-on-year basis, 15 cities saw price declines in January, up from nine in December, the NBS said.
In month-on-month terms, prices of resold homes in January fell in 54 cities, up from 51 cities one month ago. The NBS also said that the five cities that saw price rises in resold homes in January from December reported a gain of no more than 0.1 percent.
In year-on-year terms, resold home prices dropped in 37 cities in January, up from 29 in December last year.
Since 2010, the country has imposed a raft of measures aiming to calm property prices. Those measures include higher down payments, a ban on third-home purchases, a property tax in some cities and the construction of low-income housing.
In January, 48 cities out of the statistical pool of 70 major cities saw drops in new home prices from December, while home prices in 22 cities remained unchanged, the National Bureau of Statistics (NBS) said today.
On a year-on-year basis, 15 cities saw price declines in January, up from nine in December, the NBS said.
In month-on-month terms, prices of resold homes in January fell in 54 cities, up from 51 cities one month ago. The NBS also said that the five cities that saw price rises in resold homes in January from December reported a gain of no more than 0.1 percent.
In year-on-year terms, resold home prices dropped in 37 cities in January, up from 29 in December last year.
Since 2010, the country has imposed a raft of measures aiming to calm property prices. Those measures include higher down payments, a ban on third-home purchases, a property tax in some cities and the construction of low-income housing.
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