Report: Land prices to rise slower in 2008
Friday, March 28th, 2008Mar. 28 - Land prices in China will rise more slowly this year than in 2007 according to a report from the China Land Surveying and Planning Institute.
The institute, a division of the Ministry of Land and Resources forecasts that measures to curb property prices will begin to take effect, slowing growth in the market.
According to Xinhua, land prices in major cities averaged RMB1,751 per square meter last year, up 13.37 percent from 2006. That year-on-year growth rate was more than double that recorded in 2006.
The State Council issued a circular on land conservation at the beginning of this year that aimed to improve the efficiency of land use and curb speculation. The government also vowed to increase the supply of affordable housing which will help stabilize prices the report stated. (more…)








