久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Real estate sector cools as brakes work
By Liu Jie (Chian Daily)
Updated: 2004-06-18 23:29

The central government's efforts to control the overheated real estate industry have produced initial results, with growth rates for property investment, new building areas and redevelopment projects all dropping slightly in the first five months of this year.

According to the National Bureau of Statistics, combined real estate investment amounted to 370.3 billion yuan (US$44.61 billion) from January to May. This was a rise of 32 per cent from the corresponding period in 2003, but the rate of growth fell 0.9 percentage points.

At the same time, a total area of 64.8 million square metres was developed, and developers bought another 123.8 million square metres as reserve, up by 19.8 per cent and 9.8 per cent from the same period of last year respectively. The growth rate dropped 22.1 and 46.9 percentage points compared with a year earlier.

Ji Rujin, vice-director with the Real Estate Research Institute at Tsinghua University, said the growth rate decline indicated that the central government's tough measures, including some administrative intervention, has begun to cool the steaming property industry.

On February 26, the China Banking Regulatory Commission issued a set of draft rules to strengthen the supervision of real estate loans, ranging from land trading and real estate development loans to individual housing and apartment mortgages.

Adhering to the central government's policy, some local governments issued supplementary regulations. These included bans on the sale of pre-completion properties and the contractual transfer of State-owned land to private developers in an attempt to limit property speculation.

"As those measures have been in place for less than three months, the effect cannot be notable. The industry will turn to a sound track in a period of time," said Ji.

Yang Shen, president of the China Real Estate Industrial Association, said a drop in the growth of banking loans for property suggested the investment structure was improving.

Of the combined 617.3 billion yuan (US$74.37 billion) raised by property enterprises in the first five months, 140.8 billion yuan (US$16.96 billion) came from the banks. This figure was up 17.6 per cent compared to a year earlier, representing a growth rate slide of 33.7 percentage points.

"Narrowing the banking loan scale may facilitate the banks reducing high risks and curbing speculation by estate developers," said Yang.

But while the enthusiasm for real estate development has started to dampen slightly, housing sales continue to surge. A total of 83.1 million square metres of commercial housing was sold in the first five months of this year, an increase of 30.9 per cent from the corresponding period in 2003.

Meanwhile, the average housing price hiked 8.3 per cent to 2.708 yuan (US$326) per square metre nationwide. Office and commercial property prices surged even higher, up 22.5 per cent and 12.8 per cent respectively.

Chang Xiuze, a researcher with the State Development and Reform Commission's Macro-economy Research Institute, attributed the booming market to promotion by developers and Chinese consumers' preference for investing in assets in the current economic environment.

"As the bank fund-raising channel has been tightened, the developers are eager to realize cash for new projects," said Chang.

More significantly, an increasing number of consumers have found the current bank interest rate level unsatisfactory and have become reluctant to make new deposits.

With limited investment channels in China, consumers are choosing to pool money into the property market.



 
  Today's Top News     Top China News
 

Taiwan's military build-up sabotaging peace

 

   
 

Japan slow to dispose bombs

 

   
 

US hostage beheaded, al Qaeda leader killed

 

   
 

Carmaker recalls Mazda6 sedans

 

   
 

Electricity rate hike hearings to be held

 

   
 

Real estate sector cools as brakes work

 

   
  Power plants hungry for coal
   
  Electricity rate hike hearings to be held
   
  Japan slow to dispose bombs
   
  Taiwan's military build-up sabotaging peace
   
  Watchdog: Textiles imports low quality
   
  Real estate sector cools as brakes work
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  When will china have direct elections?  
Advertisement
         
主站蜘蛛池模板: 成年网站在线 | 日韩欧美一区二区不卡看片 | 欧美一区二区三区男人的天堂 | 亚洲一区二区三区久久精品 | 97久久精品一区二区三区 | 久久经典免费视频 | 久久久久琪琪去精品色村长 | 全免费a级毛片免费看视频免 | 黄色三级视频网站 | 欧美另类久久久精品 | 欧美一级二级三级 | 亚洲一区二区三区高清网 | 手机免费毛片 | 91精品成人福利在线播放 | 亚洲欧美一区二区三区综合 | 欧美亚洲国产成人综合在线 | 久久99精品久久久久久久不卡 | 久久免费99精品久久久久久 | 国产精品二区高清在线 | 国产精品精品国产 | 日韩精品久久一区二区三区 | 国产精品久久久久影院色老大 | 成人看免费一级毛片 | 成人a在线 | 日韩精品一级a毛片 | 一级一片一a一片 | 在线观看黄网 | xh98hx国产免费 | 欧美成人免费全网站大片 | 亚洲影院在线播放 | 失禁h啪肉尿出来高h男男 | 欧美成人性动漫在线观看 | 最新亚洲精品国自产在线 | 国产成人亚洲精品91专区高清 | 久久久免费的精品 | 国产一级影片 | 亚洲码在线观看 | 性生活免费视频网站 | 国产精品日本一区二区不卡视频 | 德国女人一级毛片免费 | 午夜视频网站 |