Home 禄 Business 禄 Real Estate
Home prices in big cities tipped to rise
Print Edition
China’s first- and second-tier cities, where land supply remains largely inadequate, will see more growth in home prices, a senior government official has said.
As large or high-level cities such as municipalities and provincial capitals generally have more administrative resources and better public services, they will remain attractive to home buyers from across the country and therefore provide further room for home price growth, Li Tie, an official with the National Development and Reform Commission, told the Economic Information Daily in a recent interview.
Moreover, compared to bank savings, securities and funds, real estate is a more stable investment channel and the scarcity of land in large or high-level cities will certainly enable home prices to go further north, Li said.
Thirdly, the increasing number of wealthy people in China will also offer solid support for high home prices in bigger cities, according to Li.
However, Li warned that some of smaller Chinese cities could suffer from a bursting of the property bubble if local governments maintain their current pace of development.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
