Housing News
- House prices up 8.2% in August
Date: 13-Sep-2007 Sources: (Shenzhen Daily)
HOUSING prices in 70 major cities in China jumped an average of 8.2 percent in August from a year earlier, 0.7 percentage points higher than July's growth rate, the National Development and Reform Commission said yesterday.
Prices rose 1.4 percent from the same period last year, the commission said on its official Web site.
Housing prices for new homes jumped 9 percent in August from a year earlier after gaining 8.1 percent in July, led by Beihai City in the Guangxi Zhuang Autonomous Region, where prices jumped 18.2 percent in the period.
Shenzhen followed Beihai to rank second with 17.6 percent growth and Urumqi in the Xinjiang Uygur Autonomous Region was the third fastest with 15.5 percent growth, the commission said.
Shanghai's new home prices rose 3.7 percent in the period from a year earlier.
The average price of second-hand homes jumped 7.9 percent on a yearly basis and 2 percent on a monthly basis.
House prices in Shenzhen grew the fastest at 22 percent, followed by Beijing (10.6 percent) and Zhengzhou (10 percent).
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