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Thursday 2 April 2009
China’s housing prices may “fall sharply”
Property prices in the country are likely to see a “sharp drop” next year, when a number of low-income housing projects come up, a local newspaper reported yesterday.
Property prices in the country are likely to see a “sharp drop” next year, when a number of low-income housing projects come up, a local newspaper reported yesterday.
“A slump in housing prices is just around the corner. Some 50,000 low-income houses will complete construction next year, which will bring down the prices,” Dai Jianzhong, deputy director with the Beijing Academy of Social Sciences (BASS), was quoted as saying in the Beijing Times.
From January to September, the total price of commercial residences was nearly half of what it stood at during the same period in 2007, a BASS report released on Tuesday said.
Up to January this year, Beijing’s housing prices have been on the rise, even though the rise has been relatively slow, which made potential homebuyers cautious, Dai said.
Last year, the annual average personal income in the capital was less than 66,000 yuan ($9,700) and the average housing price was about 15,000 yuan per sq m. Simply put, if you wanted to buy a 100-sq-m house, you would have to work for 23 years without spending a penny.
Beijing’s housing prices are obviously higher than what common residents can afford, the report said.
Dai said that the monthly average disposable income for a family in Beijing is 5,672 yuan, including the average monthly mortgage payment of 4,000 yuan. “The rest is not enough for the family to survive.”
The report said: “More than 10 million sq m of houses are vacant, which is a third of the total space.
“The government should try and restrain housing prices by lowering the fees to transfer land, which accounts for 35 percent of the developers’ total investment.”
An online poll at sina.com showed that 71.2 percent of the 12,453 respondents thought that property prices will drop.
Time was drifting This rocker got to roll So I hit the road and made my getaway Restless feeling, really got a hold I started searching for a better way
But I kept on looking for a sign In the middle of the night But I couldn't see the light No, I couldn't see the light I kept on looking for a way To take me through the night I couldn't get it right I couldn't get it right
LA fever made me feel alright But I must admit it got the best of me Getting down, so deep I could have drowned Now, I can't get back the way I used to be
But I kept on looking for a sign In the middle of the night But I couldn't see the light No, I couldn't see the light I kept on looking for a way To take me through the night I couldn't get it right I couldn't get it right
New York City took me with the tide And I nearly died from hospitality Left me stranded, took away my pride Just another no account fatality
But I kept on looking for a sign In the middle of the night But I couldn't see the light No, I couldn't see the light I kept on looking for a way To take me through the night I couldn't get it right I couldn't get it right
3 comments:
China’s housing prices may “fall sharply”
China Daily
2 April 2009
Property prices in the country are likely to see a “sharp drop” next year, when a number of low-income housing projects come up, a local newspaper reported yesterday.
“A slump in housing prices is just around the corner. Some 50,000 low-income houses will complete construction next year, which will bring down the prices,” Dai Jianzhong, deputy director with the Beijing Academy of Social Sciences (BASS), was quoted as saying in the Beijing Times.
From January to September, the total price of commercial residences was nearly half of what it stood at during the same period in 2007, a BASS report released on Tuesday said.
Up to January this year, Beijing’s housing prices have been on the rise, even though the rise has been relatively slow, which made potential homebuyers cautious, Dai said.
Last year, the annual average personal income in the capital was less than 66,000 yuan ($9,700) and the average housing price was about 15,000 yuan per sq m. Simply put, if you wanted to buy a 100-sq-m house, you would have to work for 23 years without spending a penny.
Beijing’s housing prices are obviously higher than what common residents can afford, the report said.
Dai said that the monthly average disposable income for a family in Beijing is 5,672 yuan, including the average monthly mortgage payment of 4,000 yuan. “The rest is not enough for the family to survive.”
The report said: “More than 10 million sq m of houses are vacant, which is a third of the total space.
“The government should try and restrain housing prices by lowering the fees to transfer land, which accounts for 35 percent of the developers’ total investment.”
An online poll at sina.com showed that 71.2 percent of the 12,453 respondents thought that property prices will drop.
歌曲：愛を知りたくて
歌手/作詞/作曲：つじあやの
大好きだった 大切だった
あなたと歩くこの帰り道
ゆっくり歩く 時々笑う
あなたがいると幸せだった
でも今日はさよならするの
少し大人になって
I love you
愛を知りたくて
私背伸びしてた
届かない
あなたと同じ世界を見るのは
私じゃない
退屈だった 毎日だった
あなたが変えた私の心
やっと気付いた やっと分かった
悲しみだって乗り越えられる
そう今日はさよならするの
涙こぼれ落ちたら
I love you
愛を知るために
私嘘をつくの
忘れられる
あなたの顔も声も全てを
消し去って
I love you
愛を知りたくて
私愛を知るために
愛おしい
あなたと違う道を今そっと
歩き出す
Couldn't Get It Right -- By Climax Blues Band
Time was drifting
This rocker got to roll
So I hit the road and made my getaway
Restless feeling, really got a hold
I started searching for a better way
But I kept on looking for a sign
In the middle of the night
But I couldn't see the light
No, I couldn't see the light
I kept on looking for a way
To take me through the night
I couldn't get it right
I couldn't get it right
LA fever made me feel alright
But I must admit it got the best of me
Getting down, so deep I could have drowned
Now, I can't get back the way I used to be
But I kept on looking for a sign
In the middle of the night
But I couldn't see the light
No, I couldn't see the light
I kept on looking for a way
To take me through the night
I couldn't get it right
I couldn't get it right
New York City took me with the tide
And I nearly died from hospitality
Left me stranded, took away my pride
Just another no account fatality
But I kept on looking for a sign
In the middle of the night
But I couldn't see the light
No, I couldn't see the light
I kept on looking for a way
To take me through the night
I couldn't get it right
I couldn't get it right
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