Property market heating up again – Asia Times

From Asia Times (link)

China’s booming property market, which had cooled off after the central government adopted a package of policies to rein in runaway housing prices a year ago, has begun to show signs of warming up since March of this year.

Data from the National Bureau of Statistics showed that the property market climate index, which fell to below 102 in April 2005 and had continued in a downward trend for eight successive months, hit 122.9 points in the first quarter of this year, a rise of 1.9% from the last three months of 2005.

China’s major cities, including Beijing, Shanghai, Guangzhou, Shenzhen and Nanjing, have all reported steep housing price hikes since March.

April 11, 2006 11:50 PM
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Categories: Economy