NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Biz Headlines
Property prices continue to soar
Latest Updated by 2007-02-16 15:10:13
Related News
Guangzhou strengthens intellectual property right protection
Bank accounts for property agencies
Business News
Macro-economic measures must be improved
Property prices continue to soar
Crude imports reached record in Jan

Property prices continue to climb nationally despite government measures to hose down the sizzling property market.

Housing prices in 70 large and medium-sized cities rose an average of 5.6 percent year on year in January, 0.2 percent faster than December last year, the country's top planner, the National Development and Reform Commission (NDRC), said yesterday.

Meanwhile, prices in the secondary housing market rose 5.3 percent in January, a jump of 1.1 percent from the previous month.

Non-residential property prices have also risen, according to NDRC's latest monthly housing price index report.

Shenzhen ranked the first in the price hike last month with an annual rise of 10.2 percent.

Prices in Beijing have jumped 9.9 percent in one year, marking the second fastest growth rate among the 70 cities.

Fuzhou and Guangzhou were also highly ranked in the property price stakes.

The central government has issued a raft of measures to rein in soaring housing prices.

It has issued an official mandate to build more smaller houses and to levy more value-added tax on developers.

And starting from this month, tax authorities have begun enforcing a land tax on developers, which would slug them with up to 60 percent of the net income of a real estate project depending on the profits they made.

Editor: Yan

By: Source: China Daily Website
Previous:  Macro-economic measures must be improved  Next:Crude imports reached record in Jan


Phase II oil reserve candidate sites chosen


'Space flowers' on show in SZ


[Guangzhou] Eight New Attractive Places of Liwan District Selected


GD Int'l Building Finally Finds new Owners


Gardening Fair to Greet Lunar New Year
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips