Shanghai sets target for home-price rise
By Wang Ying | China Daily | Updated: 2011-03-30 07:51
|
A worker at a construction site of an affordable-housing project in Shanghai's Putuo district. The city intends to keep the rate of price increases in newly built homes lower than the city's GDP growth rate and per capita annual household income. Xu Xiaolin / for China Daily |
SHANGHAI - The Shanghai municipal government announced on Monday evening its target for controlling the growth rate of city housing prices this year, becoming the first among first-tier cities to make that commitment. Experts said the goal is attainable.
Photo
