|
The average price of commercial houses in the Chinese capital of
Beijing stood at 5,575 yuan (675.7 US dollars) per square meter in the
first five months of this year, representing a year-on-year increase of
8.13 percent, Beijing Youth Daily said on Saturday.
However, the increase rate was a bit lower compared with the rise of
16.5 percent in the first four months of this year, and 11.15 percent in
the first quarter, the paper said, quoting an analysis report of the
Beijing Municipal Development and Reform Committee.
The report cited the increasing demand for housing and the rising cost
of raw materials and labor as the main reasons for the price rise of
commercial houses in the capital city.
Meanwhile, the report said, the state policy to
readjust and control
the real estate industry over the past few months has played a role in
restraining housing sales, with many Beijing consumers having adopted a
wait-and-see attitude.
The report believed that there is comparatively less housing
speculation in Beijing than in Shanghai.
The committee predicted that the city's housing
prices are likely to rise steadily in the later half of this year, with
the stabilization
of
the state macro-control policy.
The demand for houses, especially that for commercial houses, is still
strong, it said.
(China Daily) | 
Updated: 2005-07-18 10:38
