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http://www.shanghaidaily.com/sp/article/2008/200805/20080515/article_359650.htm
Housing prices rise at slower pace in April
By Lydia Chen 2008-5-15
THE average housing price in 70 major cities posted slower growth in April, the National Development and Reform Commission said today.
Prices in the 70 cities advanced 10.1 percent from a year earlier after jumping 10.7 percent in March, the country's top economic planning body said on its Website this morning.
The average price of new homes rose 10.8 percent on a yearly basis in April after gaining 11.4 percent in March. The gains were led by Urumqi, the capital city of Xinjiang Uygur Autonomous Region, where prices jumped 22 percent last month, the commission said.
Haikou City in Hainan Province ranked second with a rise of 19.2 percent and was followed by Ningbo City in Zhejiang Province at 17.8 percent, the commission said.
Shanghai's new home prices jumped 9.8 percent last month from a year earlier.
The average price of second-hand homes jumped 10.3 percent in the 70 cities last month year on year, 0.8 percentage points slower than March.
Urumqi again grew the fastest at 21.5 percent, followed by Lanzhou in Gansu Province at 19.6 percent and Changchun in Jilin Province at 15.7 percent.
Shanghai's second-hand home prices grew 11 percent last month year on year, according to the commission.
China wants to ease soaring property prices in its cities and increase the supply of affordable housing to appease growing public discontent.
Housing prices rise at slower pace in April
By Lydia Chen 2008-5-15
THE average housing price in 70 major cities posted slower growth in April, the National Development and Reform Commission said today.
Prices in the 70 cities advanced 10.1 percent from a year earlier after jumping 10.7 percent in March, the country's top economic planning body said on its Website this morning.
The average price of new homes rose 10.8 percent on a yearly basis in April after gaining 11.4 percent in March. The gains were led by Urumqi, the capital city of Xinjiang Uygur Autonomous Region, where prices jumped 22 percent last month, the commission said.
Haikou City in Hainan Province ranked second with a rise of 19.2 percent and was followed by Ningbo City in Zhejiang Province at 17.8 percent, the commission said.
Shanghai's new home prices jumped 9.8 percent last month from a year earlier.
The average price of second-hand homes jumped 10.3 percent in the 70 cities last month year on year, 0.8 percentage points slower than March.
Urumqi again grew the fastest at 21.5 percent, followed by Lanzhou in Gansu Province at 19.6 percent and Changchun in Jilin Province at 15.7 percent.
Shanghai's second-hand home prices grew 11 percent last month year on year, according to the commission.
China wants to ease soaring property prices in its cities and increase the supply of affordable housing to appease growing public discontent.