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BIZCHINA / Biz Media Digest

Construction: Property prices up
(SD-Agencies)
Updated: 2006-03-30 14:35

Property prices in China rose 5.5 percent in February from a year earlier, matching January's growth rate, the National Development and Reform Commission said Tuesday.

China's property prices in February rose 0.7 percent from January, down from January's 0.9 percent increase from December, according to a survey of property prices in 70 large and medium-sized cities on the mainland. The National Development and Reform Commission posted the survey results on its Web site.

Shanghai's property prices fell 1.1 percent in February from the same month a year earlier, while Beijing's rose 6.9 percent, according to the National Development and Reform Commission. February property prices in the northeastern city of Dalian rose 14.6 percent from a year earlier, while those in Shenzhen were up 11.1 percent.


(For more biz stories, please visit Industry Updates)