Home>News Center>China

China's housing prices up 14.4% last year
Updated: 2005-03-05 01:01

The average housing price in China jumped 14.4 percent in 2004, up 10.6 percentage points from the previous year, the National Bureau of Statistics reported Friday.

Apartment buildings erect in the city of Zhengzhou, capital of Central China's Henan Province. [newsphoto]   
China witnessed a booming housing market in 2004, with 382 million square meters of housing sold, an increase of 44.12 million from the previous year.

By the end of 2004, the vacant floor space of housing dropped 8. 3 percent to 123 million square meters. Vacant space of resident housing dropped 15.6 percent to 74.05 million square meters, but that of business housing rose 5.2 percent. Investment in real estate jumped 28.1 percent to 1.31 trillion yuan (about 158 billion US dollars) last year, with 604 million square meter floor space of housing put to construction and 425 million completed, up 10.4 percent and 2.1 percent, respectively.

However, the land developed by real estate businesses last year dropped 11.4 percent to 223 million square meters, the report said.

  Today's Top News     Top China News

President Hu sets forth guidelines on Taiwan



Rise in defence spending "modest"



Law only targets handful of secessionists



Jiang Zemin resigns remaining post



China's housing prices up 14.4% last year



Banned cancer-causing dye found in China


  Nation sees the power of CPPCC proposals
  US human rights violations rebuked
  Beijing allows outsiders to buy cars for first time
  China experiences rising school dropout rate
  India names new negotiator to handle boundary dispute with China
  Birth defects on rise after checks loosened
  Go to Another Section  
  Story Tools  
  Related Stories  
Man threatens to blow up van near White House
Man surrenders after making blast threat
House approves US intelligence overhaul
Housing price up 9.9% in major cities
Housing price up 9.9% in major cities
Housing price up 13% in first three quarters
Housing price up 13% in first three quarters
  News Talk  
  It is time to prepare for Beijing - 2008