介绍:
New stats from Chinese land authorities suggest China's land price grows steadily in the second quarter of this year.
Released by the Ministry of Land and Resources, the report shows the average price of land stood at above 3500 yuan (or 570 US dollars) per square meter.
This was a less than 1 percent increase than the first quarter.
Zhao Song, head of China Land Surveying and Planning Institute at Ministry of Land and Resources, says the land prices fluctuated in a proper range.
"From the monitoring data, we can tell that the land prices changed largely in a steady fashion with some changes in certain areas. Moreover, the price differentiation between cities has continued. The month-on-month growth in the price of land for various uses across the country was on an uptick in the second quarter, which means land prices this quarter are growing faster."
Zhao also notes that the growth rate in price in third-tier cities was obviously lower than that in their second-tier counterparts.
Meanwhile a separate report released by the National Statistics Bureau shows sales of commercial housing went up 10 percent year on year in the first half.
Bucking the trend, China's property investment continued to soften in the first half of this year, with its growth rate falling nearly 4 percent than the first quarter.
Industry observers believe China's property market has picked up thanks to the country's lower interest rates and reserve requirement ratio.
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