CHINAUS AFRICAASIA 中文双语Français
Business\Industries

China boosts residential land supply in Q1

Xinhua | Updated: 2017-04-18 09:25

BEIJING — China's housing authority increased residential land supply in the first quarter to meet rising demand, official data showed on Monday.

In the first quarter, residential land supply in first-tier cities such as Beijing, Shanghai and Guangzhou increased by over 50 percent from the same period a year ago, according to data collected by the China Urban Land Price Dynamic Monitor.

Land supply in second-tier cities also rose remarkably while supply in third-tier cities fell.

New home prices in Beijing and Shanghai rose by over 20 percent in the past year as residents rushed to buy new homes in anticipation of higher prices in the future.

China's policymakers announced in December that "houses are for living in, not for speculating with" in its fight against rampant speculation in the property market.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US