LINE

    Text:AAAPrint
    Business

    Beijing property prices rise; firms see smaller profit growth

    1
    2015-04-08 08:45:12Global Times ECNS App Download

    The prices of new homes near the Fourth Ring Road in Beijing are expected to exceed 80,000 yuan ($12,984) per square meter, analysts said on Tuesday, even amid a slowdown in the property market that has seen sales drops and lower profit growth for real estate companies.

    Average home prices per square meter near the Fourth Ring Road now are very close to 80,000 yuan, "and the land for residential properties is becoming more rare, which will also boost the home prices," Zhang Dawei, chief analyst with real estate information provider Centaline, told the Global Times on Tuesday.

    Zhang's view was echoed by Liu Yuan, another analyst from Centaline, who told the Global Times on Tuesday that because the Chinese government has lowered the down payment for people who plan to buy second homes, some housing markets, especially in Beijing and Shanghai, may get a boost.

    While land prices are rising in Beijing, the profit margins of real estate companies nationwide are unlikely to grow.

    Seventy-five housing developers listed on the A-share market saw their profit growth moderating in 2014, Chinese news portal ccstock.cn reported Tuesday.

    China Vanke is among those companies that have seen squeezed corporate profit margins. The Shanghai-listed real estate developer reported on March 30 that its 2014 net profit margin also declined 0.6 percentage points to 11.41 percent.

    Higher land costs and falling house prices have both affected the company's profitability, Tan Huajie, board secretary of China Vanke, said during the presentation of the company's 2014 annual results on March 31.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 安吉县| 东源县| 阿拉善左旗| 册亨县| 浠水县| 延安市| 湘阴县| 于田县| 女性| 交口县| 楚雄市| 湘西| 印江| 仁寿县| 泾阳县| 会理县| 民权县| 如东县| 汾西县| 修文县| 林州市| 牡丹江市| 清水河县| 镇远县| 法库县| 华亭县| 兰西县| 博客| 响水县| 安吉县| 屯昌县| 汾西县| 昌乐县| 枣强县| 获嘉县| 蓬安县| 常德市| 普格县| 渝中区| 双城市| 大厂|