August sees property prices fall in China

August sees property prices fall in China

   
   
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).

    In August, some 46 cities out of the statistical pool of 70 major cities saw new home prices decline or remain unchanged from a month earlier, compared with 31 cities in July, the NBS said in a report.

    Sixteen cities saw month-on-month declines in new home prices in August, up from 14 in July. Meanwhile, prices in 30 cities remained unchanged, according to the NBS.

 

 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

August sees property prices fall in China

Housing curbs in smaller cities to be announced

Beijing house prices drop 8% in Jan.-July period

Beijing new property prices fall in 2011 H1

 Crossroads for property prices

BEIJING, August 4 (Xinhuanet) – Tightening monetary policies and affordable housing projects are pushing developers to rethink their strategy. Full story

 China looks to central SOEs to back low-income housing projects

 BEIJING, May 5 (Xinhua) -- China is looking to its state-owned enterprises under the central government to take the lead in building low-income housing, a call seen by analysts for more "moral blood" from government property developers. Full story

 People's Daily warns of hidden issues amid accelerating affordable housing construction

 BEIJING, July 27 (Xinhua) -- The People's Daily, the flagship newspaper of the Communist Party of China, on Wednesday warned of quality issues amid the nation's accelerating construction of affordable housing. Full story

Editor: Lu Hui