Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Economy
 Search News  Or
Beijing's property sales down 12.2% in 2011

Jan. 25, 2012 (China Knowledge) - The sales area of properties developed by Beijing's real estate developers fell 12.2% year on year to 14.4 million square meters last year, according to the latest statistics released by the Beijing Statistics Bureau.
 
The sales area of residential properties dropped 13.9% year on year to 10.35 million sq m, and that of office properties increased 1.6% year on year to 2.11 million sq m.
 
The sales area of commercial properties experienced the biggest decline of 23.5% year on year, hitting 1.09 million sq m.

In 2011, the city's investment in property development saw slowing increase of 10.1% year on year, reaching RMB 303.63 billion. The city completed RMB 74.61 billion investment in government-supported housing projects, 94.9% more than that in the same period of 2010.

In December alone, the price of the city's new residential properties fell 0.1% month on month, reflecting a decline for the second consecutive month, and the price of second-hand residential properties dropped 2% year on year.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved