Related News
Home » Business » Real Estate
China's real estate land use drops 25.5% in 2014
OFFICIAL data showed today that China's land area used in real estate development fell sharply last year as the property sector hit a rough patch.
New home construction used 151,000 hectares of land in 2014, plummeting 25.5 percent year on year, the Chinese Ministry of Land and Resources said in a report.
A major contributor to China's economic expansion, the property market has been affected by weak demand and an excess of unsold homes. The country's GDP growth fell to a 24-year low of 7.4 percent in 2014.
The real estate market continued its downward trend with new home prices in January registering month-on-month declines in most cities surveyed.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.