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Real estate drop
June 21, 2013, Friday
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Print Edition
Hangzhou invested 55.472 billion yuan (US$9 billion) in real estate development in the past five months - down 19.8 percent on a year earlier, according to the joint research of Hangzhou Statistics Bureau, Hangzhou Investigation Team of State Statistics Bureau and Hangzhou Social Economy Research Bureau.
Among the investment, commodity housing accounted for 35.384 billion yuan, retail property stood at 5.155 billion yuan and office buildings totalled 4.93 billion yuan.
Market experts attributed the fall in investment to policies curbing housing speculation politics launched by central government.
Among the investment, commodity housing accounted for 35.384 billion yuan, retail property stood at 5.155 billion yuan and office buildings totalled 4.93 billion yuan.
Market experts attributed the fall in investment to policies curbing housing speculation politics launched by central government.
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