Others News
- Jan.-Apr. property investment up 27.4%
Date: 30-May-2007 Sources: (Shenzhen Daily)
COMPLETED investment in property development in China rose 27.4 percent in the first four months of 2007, an acceleration from 21.3 percent growth in the same period of 2006, the country's economic planning agency said yesterday, in a report that raised concerns over imbalances in the sector.
In the four month period, total investment in property development, which includes money committed but not yet spent, rose 26 percent from the same period a year earlier. The report by the National Development and Reform Commission said prices for new residential apartments were rising rapidly and the supply of affordable housing was insufficient.
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