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New Home Prices Rise An Average 1.06% in China
http://www.cnnb.com.cn   13-04-02 11:23

  House prices among major Chinese cities have continued their upward trend through March.

  Official data shows the average price of new residential properties across 100 cities increased 1.1 percent month on month.

  This brings average prices to around 10 thousand yuan or 1.6 thousand US dollars per square meter.

  However, Beijing, Guangzhou and Shenzhen, have seen an increase of more than 2-percent.

  New residential purchases jumped 180-percent from February, marking the highest monthly transaction since 2009.

  Teng Tai is director of West Brothers Asset Management.

  "In my opinion, the adjustment measures if to be more effective should be then looking to the housing supplies. In fact, affordable housing and small-size apartments supply has long below the demand over the past decade. And it is not only a problem of total volume of supply but also the structure. Honestly speaking, demand is demand no one can do with it except the one itself."

  All together 1.3 million square meters of new houses are out on the market over March.

  This is the highest monthly release since 2011.

SOURCE CRIENGLISH.com   EDITOR 沈媛仪
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