Tuesday, October 6, 2015   

Mainland property market cools in April
(05-13 17:20)

China's property sector has showed further signs of cooling after years of red-hot growth, according to official data released on Tuesday.
The real estate development climate index dropped 0.61 points from March to 95.79 points in April, the National Bureau of Statistics (NBS) said in a statement.
The figure has declined month on month for three consecutive months.
This index takes into consideration multiple aspects of the industry, including property investment as well as the area of property sold and sales volume. An index of 100 shows the optimal growth rate, while that from 95 to 100 represents a moderate level.
In nominal terms, the country's investment in property development rose 16.4 percent year on year to 2.23 trillion yuan in the first four months of 2014, slowing down by 0.4 percentage points from the first quarter, the NBS said.
The total area of property sales dropped 6.9 percent year on year in the first four months to 277.09 million square meters. The drop was 3.1 percentage points steeper than the decline seen in the first quarter.
Property sales volume was down by 7.8 percent in the same period, compared with a drop of 5.2 percent in the first three months, according to the NBS. --Xinhua   
Other China breaking news:
Gales twist heavy metal (10-05 13:29)
Roads turn into rivers (10-05 13:25)
Typhoon leaves death and destruction in its wake (10-05 13:13)
EDF chief tells China to make up its mind on nuke deal (10-02 21:30)
533 tax officials punished for deals with agents (10-02 19:15)
Guangdong and Hainan on alert for typhoon (10-02 16:23)
Xi Jinping book sales reach ‘record’ levels (10-02 13:37)
Infotech industry worth 16 trillion yuan, report says (10-02 13:14)
Extra portable toilets at popular square (10-02 13:10)
Seven killed and dozens injured in 17 explosions at southern China buildings (09-30 21:33)

More breaking news >>

© 2015 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 2015, 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.