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Beijing housing price tops 20,000 yuan per sq m inside 4th Ring
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  • http://english.dbw.cn銆€銆€ 2009-12-18 11:15:46

    銆€銆€The average price of pre-construction homes inside Beijing's 4th Ring Road now stands at a staggering 20,515 yuan (3,004.6 U.S. dollars) per square meter, according to a report by the Beijing Youth Daily Tuesday citing the Beijing Bureau of Statistics.

    銆€銆€The figures reveal that 19.95 million square meters of commercial homes were sold from January to November this year, up 110-percent year-on-year. The number of apartments sold between January and November is 141,000, surpassing last year's figure of 94,000.

    銆€銆€The price of second-hand residential apartments also reached a new high with a one percent increase on the price index compared with the same period last year, the report said.

    銆€銆€The roaring housing price is partly due to the preferential policy following the drive to reverse the slump in the domestic market last year.

    Author锛? 銆€銆€銆€Source锛? xinhua 銆€銆€銆€ Editor锛? Yang Fan