Beijing (News Today) - A typical Beijing flat costs about 22 times average incomes in the city, state media said Monday, highlighting the challenge China faces providing affordable housing amid a property boom. A 90-square-metre (968-square-foot) apartment in Beijing cost 1.6 million yuan (236,000 dollars) last year, the China Daily said, citing an independent report.
That compared to an average household disposable income of around 71,000 yuan in 2009, according to city figures. The report was completed by the Beijing University of Technology and the Social Science Academic Press.
It said the building of low-cost, government-subsidised housing had failed to meet demand and called on policy-makers to increase the supply of land for such projects.
Authorities in China have issued a slew of measures in recent months aimed at preventing the property market overheating and causing a bubble that could derail the world’s third-largest economy. Chinese property prices in June fell 0.1 percent from the previous month, their first monthly fall since the first quarter of 2009, according to official data.
Source : kompas
Friday, July 23, 2010
Beijing Home Prices Rise to 22 Times Income Levels
0 komentar:
Post a Comment