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Plan seeks to improve housing statistics
By Cao Qian |
September 3, 2010, Friday
|
Print Edition
Print Edition
CHINA will conduct research on the vacancy rate of houses in some cities as part of an effort to collect information and improve methodology for drafting future policies, a senior government official said yesterday.
The National Bureau of Statistics plans to launch investigations on vacant houses in some residential communities in selected cities, Ma Jiantang, head of the bureau, told an industry seminar yesterday, without giving further details.
The bureau will probably tap the upcoming sixth national census, a once-in-a-decade count of population in China, to gather information on vacant homes, Ma said.
The move comes after mounting public criticism that the current method of amassing statistics poorly reflects the real situation.
The National Bureau of Statistics said in February that real estate prices in 70 major cities climbed 1.5 percent year-on-year in 2009 - a figure that ordinary people and some industry experts alike said was way too low.
China's housing prices have been soaring over the past years. In Shanghai, for example, average price of new homes jumped 16 percent to 16,188 yuan (US$2,370) per square meter in 2009 as a result of ample liquidity and inadequate supply, according to Shanghai Uwin Real Estate Information Services Co.
And in December 2009, new home price reached an average 20,187 yuan per square meter in the city, a surge of 65 percent from December 2008, Uwin statistics showed.
The skyrocketing housing price, believed by many as asset bubbles that may pose big threat to the country's economy, has pushed the central government to launch its toughest ever policies to curb speculation.
In related news, the Shanghai Municipal Housing Support and Building Administration Bureau reiterated yesterday that new residential development with a gross floor area of no more than 30,000 square meters should be launched for pre-sale in a single batch instead of in several batches, the latest effort made by the local industry watchdog to increase home supply.
The statement, posted yesterday on the bureau's website and first announced in July 2009, bars real estate developers from purposely hoarding home sale plans for higher profits, according to researcher Gong Min.
The National Bureau of Statistics plans to launch investigations on vacant houses in some residential communities in selected cities, Ma Jiantang, head of the bureau, told an industry seminar yesterday, without giving further details.
The bureau will probably tap the upcoming sixth national census, a once-in-a-decade count of population in China, to gather information on vacant homes, Ma said.
The move comes after mounting public criticism that the current method of amassing statistics poorly reflects the real situation.
The National Bureau of Statistics said in February that real estate prices in 70 major cities climbed 1.5 percent year-on-year in 2009 - a figure that ordinary people and some industry experts alike said was way too low.
China's housing prices have been soaring over the past years. In Shanghai, for example, average price of new homes jumped 16 percent to 16,188 yuan (US$2,370) per square meter in 2009 as a result of ample liquidity and inadequate supply, according to Shanghai Uwin Real Estate Information Services Co.
And in December 2009, new home price reached an average 20,187 yuan per square meter in the city, a surge of 65 percent from December 2008, Uwin statistics showed.
The skyrocketing housing price, believed by many as asset bubbles that may pose big threat to the country's economy, has pushed the central government to launch its toughest ever policies to curb speculation.
In related news, the Shanghai Municipal Housing Support and Building Administration Bureau reiterated yesterday that new residential development with a gross floor area of no more than 30,000 square meters should be launched for pre-sale in a single batch instead of in several batches, the latest effort made by the local industry watchdog to increase home supply.
The statement, posted yesterday on the bureau's website and first announced in July 2009, bars real estate developers from purposely hoarding home sale plans for higher profits, according to researcher Gong Min.
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