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Wednesday, October 19, 2011

More Chinese cities see slower property price increases in September

More Chinese cities see slower property price increases in September

More cities reported a slowdown in year-on-year increases in property prices in September as a result of government's tightening efforts to cool the market, the National Bureau of Statistics (NBS) said Tuesday.

"The rapid growth in property prices has been markedly contained,,Jogos Quentes Gold, as prices in some cities begin to retreat," NBS spokesman Sheng Laiyun said in a press conference.

In September, 59 cities out of the statistical pool of 70 major cities saw new home prices increase more slowly from a year earlier, compared with 40 cities in August, the NBS said in a report on its website.

For month-on-month changes, 17 cities saw declines in new home prices in September, up from 16 in August.san antonio spurs jerseys Meanwhile, prices in 29 cities remained unchanged, the report said.

Property prices in first-tier cities, including Beijing, Shanghai,toronto raptors jerseys Shenzhen and Guangzhou, which are viewed as a barometer for the property market, all stayed flat month-on-month for the third straight month,louis vuitton handbag wholesale according to the report.

As for resold housing units, 46 cities reported that second-hand home prices declined or stayed unchanged month-on-month in September, up from 43 in August.

"Judging from these indices, government's control efforts have achieved positive results and the property market is heading toward the macro control direction," Sheng said.

Sheng noted that positive changes have happened in the property market as investment in the sector has cooled to some extent and investment demands, especially the speculative demand,The North Face Jacket have been curbed.

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