Thursday, July 31, 2014   

Chinese land price growth slows: report
(04-15 12:37)

The average price of land in 105 monitored Chinese cities stood at 3,412 yuan per square meter in the first quarter of 2014, up 1.89 percent from the previous quarter, a report said on Tuesday.
The price growth saw a decrease of 0.17 percentage points from the previous quarter. It also marked a first cutback after land price growth expanded for seven consecutive quarters, according to the report released by the China Land Surveying and Planning Institute.
The average land price figure was based on prices of land used for three different purposes -- commercial use, residential property development, and industrial production.
Land for commercial use and residential property development both saw a a slowdown in price growth in the first quarter, even though land for industrial production saw a 1.71-percent rise in price, up 0.39 percentage point from the previous quarter.
On a year-on-year basis, the average land price rose more steeply at 7.63 percent in the first quarter of 2014, the report showed. --Xinhua   
Other Business breaking news:
Lloyds bank interim net profits slump (36 mins ago)
Shell triples net profits in second quarter (37 mins ago)
Nikkei ends lower (58 mins ago)
Sony posts US$261m quarterly net profit (1 hr 2 mins ago)
Hang Seng dips at mid-day (2 hrs 47 mins ago)
Taiwan's economy shows better growth in second quarter (07-31 11:49)
China scandal hurting sales: KFC (07-31 11:35)
Nikkei up by break (07-31 11:22)
IMF expects China's economy to grow 7.5pc in 2014 (07-31 11:18)
Fed leaves policy unchanged despite stronger growth (07-31 11:08)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.