Monday, November 13, 2006
Source: chinadaily.com.cn
China's real estate prices maintained their robust increase last month, but the number of dealings involving foreign institutional investors declined due to limitations on overseas speculation.
Property prices in China's 70 big- and medium-sized cities rose 5.4 per cent in October, 0.1 percentage points superior than August's rise, the National Development and Reform Commission (NDRC) said in a report yesterday.
The sales prices of high-end and common residential buildings saw year-on-year rises of 7.7 per cent and 6.4 per cent, up 0.7 and 0.1 cut off points compared to last month.
Beijing witnessed the biggest price rise, with year-on-year increase of 10.7 per cent, while Shanghai saw its prices drop 0.6 per cent compared to the similar time last year.
China's real estate prices maintained their robust increase last month, but the number of dealings involving foreign institutional investors declined due to limitations on overseas speculation.
Property prices in China's 70 big- and medium-sized cities rose 5.4 per cent in October, 0.1 percentage points superior than August's rise, the National Development and Reform Commission (NDRC) said in a report yesterday.
The sales prices of high-end and common residential buildings saw year-on-year rises of 7.7 per cent and 6.4 per cent, up 0.7 and 0.1 cut off points compared to last month.
Beijing witnessed the biggest price rise, with year-on-year increase of 10.7 per cent, while Shanghai saw its prices drop 0.6 per cent compared to the similar time last year.
posted by nisha
@ 10:14 PM
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