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
Related News
Home » Business » Real Estate
City homes prices decline
By Cao Qian |
April 13, 2009, Monday
|
Online Edition
Online Edition
HOME prices retreated for another month compared to last year in major Chinese cities in March.
Prices in 70 medium and large cities fell 1.3 percent year-on-year last month, extending losses for the fourth consecutive month, the National Development and Reform Commission said today on its Website.
That compared to a decline of 1.2 percent in February, 0.9 percent in January and 0.4 percent in December.
Around the country, prices for new and second-hand homes dropped an average 1.9 percent and 0.4 percent on a yearly-basis respectively, while on a month-on-month basis, they edged up 0.1 percent and 0.3 percent, according to the commission, the country's top economic planner.
Shanghai's housing prices fell 2 percent last month from a year ago while gaining 0.4 percent from a month earlier, according to the commission's online report. New apartment prices slipped 2.7 percent year-on-year but recorded no change from February.
Meanwhile, second-hand home prices withdrew 1.5 percent on a yearly-basis but were 0.8 percent higher than the previous month.
New home prices in 21 cities tracked by the commission declined from a month earlier and over the same period, 35 cities secured mild gains. Meanwhile, in the used-home sector, prices in 18 cities dropped and gained in 39 cities, the commission said.
The National Bureau of Statistics also said today on its Website that real estate investment hit 448 billion yuan (US$65.6 billion) in the first quarter, a year-on-year growth of 4.1 percent. Among all, investment in new houses, excluding those designated for relocation, rose 3.2 percent from a year earlier to 342.2 billion yuan.
Construction began on 201 million square meters' of real estate property between January and March, a year-on-year drop of 16.2 percent. Over the same period, 99.22 million square meters' of property completed construction, up 26.3 percent compared to same period a year ago.
Land acquisitions, however, plunged 40.1 percent to 47.42 million square meters, the bureau said.
Sales of new homes, excluding those built for relocated residents, jumped 24.7 percent nationwide in the first three months. The area involved climbed 8.7 percent.
Prices in 70 medium and large cities fell 1.3 percent year-on-year last month, extending losses for the fourth consecutive month, the National Development and Reform Commission said today on its Website.
That compared to a decline of 1.2 percent in February, 0.9 percent in January and 0.4 percent in December.
Around the country, prices for new and second-hand homes dropped an average 1.9 percent and 0.4 percent on a yearly-basis respectively, while on a month-on-month basis, they edged up 0.1 percent and 0.3 percent, according to the commission, the country's top economic planner.
Shanghai's housing prices fell 2 percent last month from a year ago while gaining 0.4 percent from a month earlier, according to the commission's online report. New apartment prices slipped 2.7 percent year-on-year but recorded no change from February.
Meanwhile, second-hand home prices withdrew 1.5 percent on a yearly-basis but were 0.8 percent higher than the previous month.
New home prices in 21 cities tracked by the commission declined from a month earlier and over the same period, 35 cities secured mild gains. Meanwhile, in the used-home sector, prices in 18 cities dropped and gained in 39 cities, the commission said.
The National Bureau of Statistics also said today on its Website that real estate investment hit 448 billion yuan (US$65.6 billion) in the first quarter, a year-on-year growth of 4.1 percent. Among all, investment in new houses, excluding those designated for relocation, rose 3.2 percent from a year earlier to 342.2 billion yuan.
Construction began on 201 million square meters' of real estate property between January and March, a year-on-year drop of 16.2 percent. Over the same period, 99.22 million square meters' of property completed construction, up 26.3 percent compared to same period a year ago.
Land acquisitions, however, plunged 40.1 percent to 47.42 million square meters, the bureau said.
Sales of new homes, excluding those built for relocated residents, jumped 24.7 percent nationwide in the first three months. The area involved climbed 8.7 percent.
- 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.
