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 > News Brief > Guangdong
Property prices slump in Shenzhen
Latest Updated by 2005-11-30 11:36:10
Related News
Guangdong News
Consultants Discuss Guangdong Developments
GZ Int'l Scientific Exchange Association Meetings Planned
Tourism Festival to close tomorrow

Shenzhen's property prices have dropped significantly after the government initiated several measures to crack down on property speculation, and promised to sell more land Nov. 14 and 15.

New apartments were sold at an average price of 9,083 yuan (US$1,120) per square meter last week, down 17 percent from a week ago, according to the official Web site of the local bureau of land resources and housing management.

The total floor area of apartments sold last week -- 148,000 square meters -- also dropped 31.9 percent in the same period. Some analysts say the government's new measures to curb property speculation are taking effect. But others say that the figures from two weeks cannot accurately reflect the change in house prices.

The number of new apartments sold last week was 1,520, down 22.8 percent from the week before last. Nanshan saw the biggest drop in all six districts, a plunge of 81.4 percent.

The land bureau promulgated four regulations after Shenzhen's property prices in the first 10 months of this year were found to be 13.4 percent more than the same period last year.

The regulations prohibit selling houses in piecemeal, selling second-hand houses without property ownership certificates, and changing sales contracts without a good reason.

The bureau also promised to sell 1.6 square kilometers of land annually to real estate developers in the next few years, an increase over the current one square kilometer of land sold each year.

Editor: Donald

By: Source: Szdaily web edition
Previous:  Tourism Festival to close tomorrow  Next:Shenzhen tightens watch on birds


Liver-cancer patient gave birth to a boy


Australian Lifestyle Expo 2005 to raise curtain in GZ


Earliest Sunset of the Year


Colorful metro stations


Beauty queen sparks ugly debate in Shenzhen
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