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Home prices continue to climb in China

English.news.cn   2014-01-18 10:39:37

BEIJING, Jan. 18 (Xinhua) -- Home prices in major Chinese cities continued to climb despite repeated government efforts to cool the sector, official data showed on Saturday.

Of a statistical pool of 70 major Chinese cities, 65 saw a month-on-month rise in new home prices and 64 reported price gains in existing and second-hand homes in December last year, the National Bureau of Statistics (NBS) announced in an online statement.

More cities saw price growth easing in December, a result the senior NBS statistician Liu Jianwei attributed to a raft of government efforts to stabilize market expectation, including more control measures and increasing supplies of affordable housing.

Monthly price gains in Beijing, Shanghai, Guangzhou and Shenzhen retreated 0.1 percentage point, 0.1 percentage point, 0.1 percentage point and 0.4 percentage point, respectively, from those seen a month earlier.

On a yearly basis, all the cities but Wenzhou reported gains in new home prices.

First-tier cities continued to lead rises last month, with the prices of new homes in Beijing and Shanghai surging over 20 percent from a year ago, but Liu said the trend has been losing momentum.


China to establish real estate registration office

BEIJING, Jan. 11 (Xinhua) -- China will set up a bureau for real estate registration to facilitate property management reform, China's top land and resources regulator said on Saturday.

The establishment of the bureau is designed to improve unified system design for registration as China will spell out related regulations this year, Xu Deming, vice minister of land and resources said at a work-planning meeting. Full story

China builds more affordable housing

BEIJING, Jan. 9 (Xinhua) -- China's government has stepped up efforts to make housing accessible to low-income earners as property prices have sky-rocketed, new data from the country's housing authorities revealed on Thursday.

The country started the construction of 24.9 million affordable housing units from 2011 to 2013, accounting for nearly 70 percent of the construction target of 36 million affordable units during the 2011-2015 period, according to the Ministry of Housing and Urban-Rural Development.Full story

Editor: Zhu Ningzhu
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