Despite Slowdown, Housing Prices In Chinese Cities Grew 223% In Eight Years

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Despite recent property market deterioration, new housing prices in China’s eight major cities’ central districts grew at 14.79% compound annual growth rate during the past eight years, according to the findings of a new report jointly released by the Peking University-Lincoln Institute Center for Urban Development and Land Policy and the Hang Lung Center for Real Estate Tsinghua University.

From 2006 to the third quarter of this year, new housing prices in central locations in Beijing, Shanghai, Tianjin, Shenzhen, Chengdu, Dalian, Wuhan and Xi’an increased a total of 223% based on a new price index launched by the two academic entities.

China Money Network

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