Real Estate: Lending rate rise
(Shanghai Daily)
Updated: 2006-04-29 14:52 Moving to curb urban
speculation, the nation's public housing fund raised its lending rate yesterday
by 0.18 percentage point immediately after the central bank hiked its benchmark
loan rate by 0.27 points.
While the interest hike aims to check speculation in big cities, it may not
have a striking effect on Shanghai.
The city market already has seen housing prices and transactions drop since
the second half of last year after higher mortgage rates and transaction taxes
were imposed, analysts said.the first quarter compared to the same period in
2005, led by cities such as Dalian, Shenzhen and Beijing.
(For more biz stories, please visit Industry Updates) |