The story appears on

Page A5

September 19, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Real Estate

Real estate too unreal, says survey

MORE than half of Chinese savers believe property prices are currently “too high to accept,” according to a quarterly survey by the central bank.

A total 53.7 percent of the respondents considered the surging price of real estate is beyond their reach, up 0.3 percent from the end of last quarter, the People’s Bank of China said yesterday.

There has been a house buying frenzy in China. Chinese banks issued 949 billion yuan (US$142 billion) in new yuan loans last month, the central bank said last week, with more than half of them were funneled into home buyers’ hands.

Based on a database of 20,000 savers from 50 cities nationwide, the survey also said half of respondents considered that commodity prices in the past three-month period were too high.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend