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Quarterly Report of China Real Estate Industry, Q1 2007

Published: June/2007

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In the first quarter of 2007, housing price index in 70 big- and medium-size cities nationwide increased by 5.6% compared to the same period of last year. The main cities with relatively high year-on-year increase are Shenzhen (12.6%), Beijing (9.0%) and Guangzhou (8.0%).

The year-on-year increase of land price nationwide was 9.8%, higher than that of the commercial housing price nationwide.

The year-on-year growth rate of newly developed areas was 10.62%, down 6% and, that of the areas under construction 20.68%, that of the development and investment in real estate industry 26.9%, each increasing a bit from a year earlier.

Sales Price Indicators of Commercial Housing in Key Cities, Q1 2007


Source: ResearchInChina



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