House prices stabilize in Beijing-Tianjin-Hebei region
BEIJING -- The property market in northern China's Beijing-Tianjin-Hebei region stabilized in April after authorities implemented a string of measures to contain price hikes, according to an official survey released Monday.
In Beijing and Shijiazhuang, capital of Hebei province, new residential house prices rose 0.2 percent and 0.1 percent month on month in April respectively, while Tianjin saw a month-on-month decline of 0.1 percent, according to the National Bureau of Statistics.
In April, the new residential house prices in Beijing, Tianjin and Shijiazhuang saw a year-on-year growth of 17.4 percent, 18.1 percent and 18 percent respectively.
Since October last year, the Chinese government has implemented a slew of measures to cool growth in housing prices, including restrictions on home purchases and increased minimum downpayment requirements.
The latest round of restrictions comes after more than two years of policy easing, starting with relaxation of purchase restrictions in 2014, and fueled by the pro-growth policies, including interest rate cuts.
- Administrative review dispute between Guangzhou-based Shadong Youli Group Co, Ltd, the Guangzhou Municipal Government, the Guangzhou Land Resources and Housing Bureau and Guangshen Railway Co, Ltd
- Ministries tackle pollution, public housing issues
- Rental regulation can help tame unreasonable housing market
- Li urges action on urban housing
- Housing Provident Fund no longer serves its intended role
- Macao highlights sustainable gastronomy on UN observance day
- China allocates 60m yuan to aid flood relief efforts in Guangdong
- World's longest-span cable-stayed bridge undergoes load test before opening
- Half-hour ferry rekindles kinship amid decades of cross-Strait complexity
- China's vice-premier urges efforts to promote high-quality development of foreign trade
- China releases new grassland vegetation map of 'roof of the world'
