|
BIZCHINA> Top Biz News
![]() |
|
Related
Beijing property prices flat
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-01-22 15:39 The growth rate of Beijing's property price slowed to 1 percent in December 2008, the ninth monthly drop in a row, Beijing Statistics Bureau said on Jan 21. Due to customers' strong wait-and-see sentiment, the sold floor space of commercial residential buildings fell 40 percent on a yearly basis. And the property price growth rate for all of 2008 was down 1.9 percent over 2007. However, after property developers began to cut prices to stimulate sales in the fourth quarter, the market showed signs of warming up in December. "Once the transaction volumes bounces, the price may also pick up soon. But it is still hard to judge if the rebound in December is sustainable," said Yu Xiuqin, spokesperson of Beijing Statistics Bureau. Given the November and December statistics, Beijing's property price is not likely to plummet in the first quarter this year. If there is any drop, it should be less than one percent, Yu added. (For more biz stories, please visit Industries)
|
嘉禾县| 巍山| 太白县| 铜梁县| 界首市| 日照市| 花莲县| 兴业县| 武清区| 新安县| 施秉县| 古交市| 蒲江县| 裕民县| 蚌埠市| 哈巴河县| 临泉县| 鄄城县| 安仁县| 台北市| 建湖县| 浮梁县| 沂南县| 苍溪县| 大姚县| 克拉玛依市| 临洮县| 合江县| 阳春市| 北安市| 无为县| 利辛县| 西吉县| 从江县| 平南县| 东乡县| 卓尼县| 平泉县| 上饶市| 望城县| 名山县|