Home prices in most Chinese cities stop growing in Feb.

English.news.cn   2012-03-18 10:20:09
 Photo taken on Feb. 9, 2012 shows a newly-built real estate project in Sanya, south China's Hainan Province.  (Xinhua/Chen Wenwu)
BEIJING, March 18 (Xinhua) -- New home prices ceased growing in most of 70 major Chinese cities in February, the National Bureau of Statistics (NBS) said Sunday.
In February, 45 cities out of the statistical pool of 70 major cities saw drops in new home prices from January, while new home prices in 21 cities remained unchanged, the NBS said in a statement on its website.
Only four cities saw gains in new home prices over the Jan.-Feb. period, the NBS noted.
On a year-on-year basis, 27 cities saw new home price declines in February, up from 15 in January.
Prices of resold homes ceased growing in 59 cities in February, compared with 65 cities in January.
In first-tier cities, including Beijing, Shanghai and Shenzhen, new home and resold home prices fell or stayed flat on both monthly and yearly bases in February.
NBS data showed that new home prices in all 70 cities stopped gaining in January as a result of government persistent cooling efforts.
China started adopting measures to calm property prices since 2010. Those measures included tight credits, higher downpayments, a ban on third-home purchases, property tax trials and the construction of low-income housing.
BEIJING, March 12 (Xinhua) -- The People's Bank of China (PBOC), the central bank, said Monday that commercial banks should put in place a differentiated credit policy to guarantee housing loans to qualified first-home buyers.  Full story
BEIJING, March 1 (Xinhua) -- China's four biggest state-owned banks said Thursday they will continue implementing the differentiated housing loan policy.
The four state-run lenders, dubbed "the Big Four," are Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China.  Full story
BEIJING, Feb. 18 (Xinhua) -- Housing prices in China continued to fall in January as the government maintained its determination to stabilize the real estate market.
In January, 48 cities out of the statistical pool of 70 major cities saw drops in new home prices from December, while new home prices in 22 cities remained unchanged, the National Bureau of Statistics (NBS) said on Saturday.  Full story
Editor: Lu Hui


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