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Housing price up 9.9% in major cities
(Xinhua)
Updated: 2004-10-27 01:14
The price of housing in 35 major Chinese cities surged by 9.9 percent
year-on-year in the third quarter, and the price of land rose by 11.6 percent
year-on-year, says a report from the National Development and Reform Commission
issued Wednesday.
Shenyang, capital of northeast China's Liaoning Province, recorded the
quarter's fastest growth in housing price with a jump of 19.2 percent
year-on-year. Nine cities, including Shenyang, Nanjing, capital of east China's
Jiangsu Province, southwest China 's Chongqing Municipality, Shanghai, north
China's Tianjin Municipality and four other cities, experienced housing price
hikes of more than 10 percent.
In the third quarter, Nanchang, capital of east China's Jiangxi Province,
recorded the highest growth in the price of land transactions -- of 23.7 percent
-- followed by Shenyang, Chengdu, capital of southwest China's Sichuan Province,
Shanghai and Tianjin.
The price of land transactions went up 10.2 percent in the first three
quarters over 2003.
The housing lease price rose 2.1 percent in the third quarter year-on-year.
Kunming, capital of southwest China's Yunnan Province, recorded the highest
year-on-year growth of the 35 major cities, at 9.1 percent.
During the three quarters this year, the housing price rose 9.4 percent, land
transactions price up 10.2 percent, and housing lease price up 1.2
percent.
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