InfoAnda - China housing prices resume rise in September

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China housing prices resume rise in September AFP - 1 hour 37 minutes ago Send IM Story Print China housing prices resume rise in September Slideshow: Full Photo Coverage: Business & Economy SHANGHAI (AFP) - – China's property prices in major cities rose in September from the previous month, the first month-on-month increase since May despite government attempts to curb rocketing real estate prices. Housing prices in 70 major cities were up 0.5 percent in September from the previous month and rose 9.1 percent from the same month a year earlier, the National Bureau of Statistics said in a statement. The figure represented the first monthly increase in property prices since May, when prices edged up 0.2 percent from April. However, September's 9.1 percent year-on-year rise was slower than the 9.3 percent annual rise in August, according to the bureau. It was the fifth straight month of slower year-on-year growth since April, when prices had surged 12.8 percent, the biggest annual rise since July 2005, when the survey expanded to 70 cities from 35. China's urban housing prices were unchanged from the previous month in both August and July and slipped 0.1 percent in June as Beijing took a series of steps to try to cap real estate prices and prevent an asset bubble. The State Council, or cabinet, in late September ordered banks not to provide loans for third home purchases and said down-payments on all home purchases would have to be at least 30 percent. It also called for a trial reform of the property tax in some cities to be sped up and gradually expanded across the country. However, some analysts said the new policies, which follow a range of measures introduced since April including credit restrictions and higher mortgage rates, offered little surprise. Recommend Send IM Story Print Related Articles Japan exits Iran's biggest onshore oil field project AFP - 22 minutes ago Nikkei falls 0.9 pct after rally, banks weigh Reuters - 29 minutes ago Europe shares edge up as techs boosted by Google Reuters - 31 minutes ago US-BUSINESS Summary Reuters - 31 minutes ago Profits taken, pressure high ahead of Bernanke Reuters - 31 minutes ago News Search Top Stories Indestructible McDonalds burger amazes US US trade deficit swells amid record China gap Melzer defeats Nadal at Shanghai tennis Masters OPEC holds oil output, warns on risks to recovery OPEC maintains oil output quota More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Time to find a second Earth, WWF says 'Bandit' Obama billboard sparks storm in US city Indestructible McDonalds burger amazes US Indonesian civil servants stumble over unusual test Hubble captures first images of suspected asteroid collision More Most Viewed » Too much TV psychologically harms kids: study Workers swarm Europe's streets in anti-cuts protests British lottery winner gets record 129 mln euros 'A billion people' go hungry in 2010: report More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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