April housing prices keep rising
(chinadaily.com.cn)Updated: 2007-05-29 10:38 The housing price in 70 large- and medium-sized cities kept rising in April, according to the National Development and Reform Commission and the National Bureau of Statistics.
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The top five cities by housing price hike are Beihai, South China's Guangxi Zhuang Autonomous Region, with a year-on-year increase of 23.6 percent; Shenzhen, South China's Guangdong Province, 11.3 percent; Beijing, 10.7 percent; Shijiazhuang, the capital city of Hebei Province, 9.6 percent; and Nanjing, East China's Jiangsu Province, 8.8 percent.
Second-hand housing prices kept growing too, with a year-on-year increase of 6.1 percent, and the top five cities are: Beihai, 13.2 percent; Shenzhen, 12 percent; Zhengzhou, 10.3 percent; Beijing, 9 percent; and Dalian, 8.3 percent.
Prices for non-residential housing grew 4.9 percent year on year. Prices for office buildings increased 7.6 percent, business and entertainment buildings rose 4.3 percent, and industry storage space grew 2.5 percent, compared with the same period of last year.
In Shanghai, from May 18 to 24, new housing turnover reached a new high
beyond 715,000 square meters. The average sales price is 10,292 yuan
(US$1,345.49) per square meter, 5.5 percent from the 9,748 yuan per square meter
at the beginning of this year.
(For more biz stories, please visit Industry Updates)