- Thursday 2010-03-11 11:45
Real estate prices in 70 major cities in February rose 10.7 percent year-on-year and 0.9 percent month-on-month, reports NetEase, citing the National Bureau of Statistics.
Investments in real estate developments nationwide in the first two months totaled 314.4 billion yuan, an increase of 31.1 percent year-on-year. Of the total, investment in commercial housing hit 223.3 billion yuan, an increase of 32.8 percent year-on-year, accounting for 71 percent of the total invested in real estate developments.
A total of 71.55 million square meters of commercial properties were transacted in the first two months, an increase of 38.2 percent year-on-year. Of this, transaction areas of commercial housing and office buildings increased 36.6 percent and 84.6 percent respectively year-on-year.
Transaction revenues of commercial properties in the first two months totaled 411.6 billion yuan, an increase of 70.2 percent year-on-year. Of the total, transaction revenues of commercial housing and office buildings rose 70.8 percent and 73.8 percent year-on-year.
Prices of new residential homes in February increased 13 percent year-on-year and 1.3 percent month-on-month. By housing type, prices of new units of affordable housing, commercial housing and high-end residential housing rose 1.1 percent, 14.5 percent and 15.5 percent respectively from the same period a year ago.
Prices of new residential homes in 57 cities increased in February with prices in Sanya and Haikou rising by 19.3 percent and 17 percent respectively month-on-month.
Prices of previously-owned homes in February rose 8.5 percent year-on-year and 0.4 percent from January.
The China National Real Estate Climate Index in February hit 105.47, an increase of 1.83 points from December 2009.
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