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Real estate climate index slightly down in April
(Xinhua)
Updated: 2005-05-21 09:49

The overall climate index of China's real estate sector reached 101.90 points in April, 0.29 points lower than in March and 3.43 points lower than a year earlier, the National Bureau of Statistics (NBS) said Friday.

According to the monthly report of NBS on the real estate prosperity index, five out of six sub-indices dropped, including the total investment in real estate, financing of developers, total land acreage used in real estate development, floor space of housing left idle and floor space of housing completed.

Only the sub-index on housing prices increased in April. The index rose slightly reaching 111.57 points, up 6.64 points on a yearly basis and 0.63 points less than the figure in March.

According to statistics, in the first four months of this year, housing prices rose by 12.5 percent year-on-year.

From January to April, China invested a total of 340.5 billion yuan (US$41 billion) in the real estate sector, up 25.9 percent over last year's same period.

By the end of April, there were 102.63 million square meters of housing being left empty, up 6.9 percent year-on-year.

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