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Source: CCTV.com

04-06-2006 17:22

House prices on the Chinese mainland rose around the country in March. That's according to the latest figures released by the government. In major cities Beijing, Shanghai and Guangzhou, the real estate market purchases were stronger than in February.

Since March, housing supply and purchases have risen in Beijing. Ordinary house prices have risen by up to 17 percent.

In Shanghai, China's financial hub, new house prices stopped falling in March, on the back of a pick up in sales. Last week, 5,700 new houses were sold at an average price of 9,611 yuan per square metre.

Guangzhou has seen a slight drop in property sales, but prices have remained high. In February, new buildings were sold at an average price of 5,011 yuan per square metre, up 3.9 percent from January. In Shenzhen, house prices hit 8,032 yuan in February, more than 11 percent higher year on year.

Some smaller cities also witnessed strong buying. The figures show that new house prices in Dalian and Hohehot went up by around 15 percent.

House Market Booming in China

Beijing

Beijing

price up 17.3% since March

Shanghai

price fall halted in March

sales last week: 5,700 new houses, average price of 9,611 yuan per square metre

Guangzhou

prices remain high

average price: 5,011 yuan per square metre, up 3.9% from January

Shenzheng

average price: 8,032 yuan per square metre in February, up 11.1%

Dalian: house price up by 15.1%

Hohehot: house price up 14.9%

Source: China Development and Reform Commission

Editor:Wang Ping