Real Estate: Rise and fall
(Shanghai Daily)
Updated: 2006-04-21 14:43
Housing prices in 70 large and medium Chinese cities rose an average of 5.5
percent in the first quarter compared to the same period in 2005, the National
Development and Reform Commission said yesterday. Dalian, a coastal city in
Liaoning Province, recorded a 14.9 percent increase, the highest of all
cities.
China's real estate investment rose 20.2 percent to 279.3 billion
yuan (US$35 billion) in the first quarter, 6.5 percentage points slower than
over the same period last year, the National Bureau of Statistics said
yesterday. High prices and an unhealthy investment structure have remained two
key issues to be addressed in the real estate sector, Zheng Jingping, the
spokesman for the National Bureau of Statistics said.
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