Subscribe free to our newsletters via your
. Space Travel News .




POLITICAL ECONOMY
China house price increases slow in April: survey
by Staff Writers
Beijing (AFP) April 30, 2014


Price rises for new homes in China slowed in April for the fourth straight month, an independent survey showed Wednesday, even as costs in some of the country's largest cities maintained double-digit gains.

The average price of a new home in 100 major cities rose 9.06 percent year-on-year in April to 11,013 yuan ($1,759) per square metre, according to the China Index Academy which compiled the survey.

The increase compared with a rise of 10.04 percent in March, according to the academy, the research unit of real estate website operator Soufun.

China's government has sought for more than three years to contain rising property values, while also promising to increase the supply of affordable housing as price increases stoke discontent among ordinary citizens unable to afford new homes.

But at the same time local authorities in the country make much of their income from land sales to developers. Market control measures have included restrictions on purchases of second and third homes, higher minimum down-payments and taxes in some cities on multiple and non-locally owned homes.

Prices in April rose 0.10 percent from the previous month, the data showed, slowing from March's gain of 0.38 percent but still marking the 23rd straight month-on-month increase.

Beijing again led the rise in new home prices among the 10 biggest Chinese cities. The average cost in China's capital jumped 23.94 percent year-on-year to 33,241 yuan per square metre.

Nevertheless, that marked a slowdown from the 27.13 percent increase seen in March and February's 29.55 percent rise, the data showed.

Price rises also slowed in the southern cities of Guangzhou, where costs gained 18.06 percent year-on-year, and Shenzhen, where they climbed 16.56 percent.

China's commercial capital Shanghai saw the average cost of a new home increase to 32,527 yuan per square metre for a gain of 15.34 percent from the same month a year ago, accelerating from March's increase of 14.89 percent.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Fujitsu swings back into the black
Tokyo (AFP) April 30, 2014
Japan's Fujitsu said Wednesday it swung back into the black, posting an annual net profit after aggressive cost-cutting and stronger demand at home for its computer offerings. The sprawling IT conglomerate earned 48.6 billion yen ($474 million) for the fiscal year to March, reversing a net loss of 79.9 billion in the previous year. Operating profit soared 61.5 percent to 142.5 billion ye ... read more


POLITICAL ECONOMY
Arianespace to launch Indonesia satellite BRIsat

Commercial liftoff for Europe's smallest launcher

Russia sends two satellites into space

SpaceX sues US Air Force over satellite contracts

POLITICAL ECONOMY
Mars Rover Switches to Driving Backwards Due to Elevated Wheel Currents

Mission to Mars

Traces of recent water on Mars

Drill Here? NASA's Curiosity Mars Rover Inspects Site

POLITICAL ECONOMY
John C. Houbolt, Unsung Hero of the Apollo Program, Dies at Age 95

NASA Completes LADEE Mission with Planned Impact on Moon's Surface

Russia plans to get a foothold in the Moon

Russian Federal Space Agency is elaborating Moon exploration program

POLITICAL ECONOMY
Dwarf planet 'Biden' identified in an unlikely region of our solar system

Planet X myth debunked

WISE Finds Thousands Of New Stars But No Planet X

New Horizons Reaches the Final 4 AU

POLITICAL ECONOMY
Alien planet's rotation speed clocked for first time

Seven Samples from the Solar System's Birth

Astronomical Forensics Uncover Planetary Disks in NASA's Hubble Archive

An Earth-sized planet that might hold liquid water

POLITICAL ECONOMY
No Plans to Produce Zenit Rocket in Russia

Russia Gives Green Light to Super-Heavy Rocket Project

ATK Announces Contract Award from ULA to Build Composite Launch Vehicle Structures

Russia to Test Launch New Angara Rocket June 25

POLITICAL ECONOMY
China issues first assessment on space activities

China launches experimental satellite

Tiangong's New Mission

"Space Odyssey": China's aspiration in future space exploration

POLITICAL ECONOMY
Asteroids as Seen From Mars; A Curiosity Rover First

Curiosity spots asteroids from the surface of Mars

Construction to Begin on NASA Spacecraft Set to Visit Asteroid in 2018

Dawn draws ever closer to dwarf planet Ceres




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.