China end-Oct property prosperity index 105.74, up 2.34 points yr-on-yr |
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Mon, 19 Nov 2007 03:43
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BEIJING (XFN-ASIA) - China's property prosperity index was at 105.74 at the end of October, up 2.34 points from a year earlier and 0.75 point from end-September, the National Bureau of Statistics (NBS) said.The index takes into account property prices, sales volume and consumer confidence. A higher value indicates a more active real estate sector.The investment sub-index gained 2.74 points from a year earlier to 104.42 in October, and was up 0.35 point from September. In the 10 months to October, 1.92 trln yuan was invested in the sector, up 31.4 pct year-on-year.The sub-index of funding sources stood at 104.9, up 1.48 points year-on-year and 1.31 points month-on-month.In terms of land area developed, the sub-index declined 3.98 points from a year earlier to 97.62, but was up 0.04 point from September. In the first 10 months, 198 mln square meters of land was developed.The sub-index for floor space under construction edged up 2.25 points from a year earlier to 105.64, and was up 0.09 point from a month earlier. China had 2.09 bln square meters of floor space under construction from January to October, up 22.8 pct year-on-year.The unsold floor space sub-index rose by 7.42 points year-on-year to 110.71 in October, and was up 1.24 points from September. At the end of October China had 118 mln square meters of unsold floor space, down 3.9 pct year-on-year.(1 usd = 7.43 yuan)jianbo.wu@xfn.com-xfnjbw/xfntmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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