Property prices fall in more Chinese cities in August
BEIJING, Sept. 18 (Xinhua) -- More cities reported lower or unchanged property prices in August amid cumulative government efforts to cool the market, according to the National Bureau of Statistics (NBS). Full story
Beijing sees declining prices of new residential apartments
BEIJING, Sept.16 (Xinhua) -- Beijing has seen a 6.6-percent decrease in the price of new apartments over the past eight months, according to statistics released by the Beijing Real Estate Association on Friday.
From January to August, the average price of a residential apartment in Beijing was 13,874 yuan (2,172 U.S. dollars) per square meter, which is a 6.6-percent decrease compared to the average price of 14,847 yuan in 2010, the statistics show. Full story
Property sales in Chinese cities sluggish in August as price-curbing policies bearing fruit
BEIJING, Sept. 13 (Xinhuanet) -- New home prices, property transaction volumes and residential land prices in major Chinese cities all fell in August, suggesting the policies aiming at cooling the housing market are taking effect.
A report published by the China Index Academy (CIA) said the prices for new homes in ten first-tier cities, including Beijing and Shanghai, dropped 0.41 percent in August from July to 15,773 yuan (2,465 U.S. dollars) per sq m, the first decline since September of last year. Full story
Land prices in Chinese cities fall in August: report
BEIJING, Sept. 4 (Xinhua) -- Land prices and transaction volumes both declined on a monthly basis in Chinese cities amid a sluggish market last month, a research institute said Sunday.
The China Index Academy (CIA), a Beijing-based company that studies China's property market, said in a report that the average floor price for residential land in 133 Chinese cities currently being monitored by the institution declined 9 percent to 1,619 yuan (253 U.S. dollars) per square meter in August. Full story
China's cabinet urges more support for low-income housing projects
BEIJING, Sept. 19 (Xinhua) -- The State Council, or China's cabinet, on Monday ordered local governments to give more support for the construction of low-income housing projects, especially low-rent public housing units. Full story
China starts building 7.218 mln low-income housing in first seven months
BEIJING, Aug. 12 (Xinhua) -- China started building 7.218 million units of low-income housing in the first seven months of this year, the Ministry of Housing and Urban-Rural Development said Friday. Full story
Ministry says 8.68 mln subsidized housing units under construction
BEIJING, Sept. 9 (Xinhua) -- Local governments across China started building or renovating 8.68 million government-subsidized housing units in the January-August period, roughly 1.3 million units short of what the central government ordered for the year. Full story
Chinese Cabinet presses on affordable housing construction
BEIJING, July 14 (Xinhua) -- China's State Council, the Cabinet, has urged more support for affordable housing construction while continuing government tightenings to cool the market. Full story
China not to ease macro-control policies on property sector
BEIJING, Aug. 25 (Xinhua) -- China will continue to implement macro-control policies on its property sector, a senior official said Thursday.
"We'll unswervingly stick to controlling the property market without changing the direction or loosening the policies," said Zhang Ping, head of the National Development and Reform Commission (NDRC), China's top economic planner. Full story
Property tightening measures to spread to smaller cities
BEIJING, Aug. 18 (Xinhuanet) – Central authorities have ordered provincial governments to report their progress in curbing rising property prices and prepare a list of cities where home-purchasing restrictions will be imposed, a Shanghai Securities News report said on Wednesday.
Analysts said the new round of home-purchasing restrictions targeting second- and third-tier cities might help in curbing rising property prices in first-tier cities. Full story