Prices continued to rise in China's real estate market
last month, with Shenzhen, Changsha, Beijing and Guangzhou leading
cities in the price hikes, sources with the National Development
and Reform Commission said Tuesday.
According to the NDRC data on 70 major cities, new
housing was on average six percent more expensive in March
month-on-month. The increase rate was 0.1 percentage points higher
than the February level.
But in some cities the growth was much
The cost of new housing surged 10.7 percent on average
in Shenzhen, 10.1 percent in Changsha, 9.9 percent in Beijing and
8.6 percent in Guangzhou.
(Xinhua News Agency April 17, 2007)