Property market expected to take a soft landing

时间：2007-07-04 03:00:01

（单词翻译:单击）

Chinanews, Beijing, July 4 – Although Chinese government has taken a series of measures in order to cool down the heat in real estate market, sales prices of both new and used houses still increased by the largest range ever last May. Experts point out that government measures might help in curbing1 the fast rise of housing prices, however it will not make real estate market take a hard landing.

 

In May, housing prices in major Chinese cities soared. In Shenzhen, the housing price hit new records day after day. Information shows that in May, the housing prices in 70 Chinese cities rose by 6.4%.

 

“In many cities, residential2 houses have to be built in suburban3 areas. The average growth of housing price across China was 6.4%, yet in reality, housing prices have grown at a rate far higher than this,” said Gu Yunchang, deputy director of the China Real Estate and Residential Housing Research Institute.

 

Due to the soaring price, an office worker who works in a real estate agency told this reporter that his annual salary could reach one million yuan. In Beijing, due to the high housing prices, many people flock to the countryside to buy houses in villages, although the property ownership right of these houses can not be guaranteed.

 

Since the second half of last year, the floor space of new commercial houses, the building areas of these houses, and the area of houses that have finished construction had increased moderately. During the first half of this year, demand for residential houses kept increasing. As a result, supply of commercial houses became relatively4 insufficient5.

 

According to the latest figures issued by the central bank, during the first four months of this year, the total area of new houses on sale was at least twice the total area of houses being built, while in the same period last year, the total area of houses sold was only 2.55 times the total area of houses being built. At the same time, the vacancy6 rate of commercial houses also declined by 0.8%.

 

Since Chinese economy has been developing soundly, it is very unlikely that housing price will fall in the future. Right now, there are bubbles existing in the property market. What we can do now is to adjust the supply and demand structure in the housing market and to change the structure of housing supply, so that property market can also develop soundly, some experts say.

 
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1 curbing 8c36e8e7e184a75aca623e404655efad     
n.边石，边石的材料v.限制，克制，抑制( curb的现在分词 )
参考例句：
  • Progress has been made in curbing inflation. 在控制通货膨胀方面已取得了进展。
  • A range of policies have been introduced aimed at curbing inflation. 为了抑制通货膨胀实施了一系列的政策。
2 residential kkrzY3     
adj.提供住宿的；居住的；住宅的
参考例句：
  • The mayor inspected the residential section of the city.市长视察了该市的住宅区。
  • The residential blocks were integrated with the rest of the college.住宿区与学院其他部分结合在了一起。
3 suburban Usywk     
adj.城郊的，在郊区的
参考例句：
  • Suburban shopping centers were springing up all over America. 效区的商业中心在美国如雨后春笋般地兴起。
  • There's a lot of good things about suburban living.郊区生活是有许多优点。
4 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
5 insufficient L5vxu     
adj.(for，of)不足的，不够的
参考例句：
  • There was insufficient evidence to convict him.没有足够证据给他定罪。
  • In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。
6 vacancy EHpy7     
n.（旅馆的）空位，空房，（职务的）空缺
参考例句：
  • Her going on maternity leave will create a temporary vacancy.她休产假时将会有一个临时空缺。
  • The vacancy of her expression made me doubt if she was listening.她茫然的神情让我怀疑她是否在听。

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