Home prices will ‘re­main un­der pres­sure’

China Daily (Canada) - - NEWSCAPSULE -

Hous­ing prices will re­main un­der pres­sure for the fore­see­able fu­ture, and the govern­ment isn’t ex­pected to take any steps to boost the mar­ket, in­dus­try an­a­lysts said.

The aver­age price in 100 cities sam­pled was 10,978 yuan ($ 1,770) per square me­ter in May, a dip of 0.32 per­cent month-on-month, ac­cord­ing to the China In­dex Academy Ltd, a Bei­jing-based re­search in­sti­tute that’s wholly owned by SouFun Hold­ings Ltd. May was the fifth con­sec­u­tive month in which the rate of price growth slowed.

Ac­cord­ing to a re­port by Bei­jing-based China Busi­ness, the Min­istry of Hous­ing and Ur­ban­Rural De­vel­op­ment has sent some sug­ges­tions to the cab­i­net that are based on re­cent re­search.

The re­port, cit­ing an anony­mous min­istry source, said that the govern­ment will pur­sue a neu­tral pol­icy in the near term, nei­ther tight­en­ing nor stim­u­lat­ing the real es­tate mar­ket. (Photo 3)

PHOTO / IC

Au­thor­i­ties in Hanyang, in Cen­tral China’s Hubei prov­ince, have come up with a new way to stop jay­walk­ing. Jay­walk­ers who are caught are re­quired to stand watch on the street un­til they catch an­other jay­walker, ac­cord­ing to a new reg­u­la­tion, Xin­hua re­ported. Au­thor­i­ties said they have seen a 50 per­cent drop in jay­walk­ing in­ci­dents since the new rule went into ef­fect.

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