Chinese Land and Resources Minister Xu Shaoshi said Tuesday new land allocated for development rose 67 percent year on year in the first quarter to 1 million mu (66,667 hectares).
Land deals in 20 key Chinese cities last week dropped 69 percent from the previous week to 1.06 million square meters, the Shanghai Securities News said Tuesday, citing a report by China Index Academy, a real estate research institute.
Shanghai's new personal housing mortgage loans hit 33.81 billion yuan in the first quarter, up 31.13 billion yuan year-on-year, according to the Shanghai headquarter of the People's Bank of China,
China's property market continued to hot up in March with home prices in major cities growing at a double-digit pace, even as the government tries to rein in prices, official data released Wednesday showed.
China's land transfer revenue jumped 43.2 percent year-on-year in 2009 to hit 1.42 trillion yuan ($208.49 billion), as the nation's property market boomed.
China's land sales increased by 43.2 percent year-on-year in 2009 to 1.4 trillion yuan ($209 billion), of which 18.71 billion yuan was used in building low-rent houses, accounting for 1.5 percent of the total.
China's property prices rose at a record pace in March, indicating more drastic measures may be needed amid concern of a bubble in the nation's housing market.
Despite stern warnings against irregular practices, some applicants for the government's latest batch of economical houses have had their credentials scrutinized during a public inquiry.
The average land prices in 70 key cities fell 31 percent in March over February as the country's measures to curb property prices "start working", a report from the China Land Surveying and Planning Institute (CLSPI) said.
Residential land prices in 35 major Chinese cities grew 8.63 percent on average in 2009, a Ministry of Land and Resources report published Friday said.
China's Consumer Price Index (CPI), a main measure of inflation, would be made more relevant to the dramatically rising home price since next year, said the National Bureau of Statistics (NBS) on Wednesday.
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