Shanghai land prices rank No.2 in China
1/4/2004 14:44
The average land prices in China reached 1,166 yuan (US$140.5) per square
meter last year, an increase of 92 yuan from a year before, and Shanghai ranked
second nationwide with average land prices of 2,164 yuan, up 5.34 percent from
the previous year, the Shanghai Evening Post reported today.
On the basis of
the land prices, these are the top ten cities: Beijing, Shanghai, Hangzhou,
Nanjing, Chengdu, Tianjin, Guangzhou, Chongqing, Shenzhen and Guiyang.
The
average prices of domestic land for business use reached 1,919 yuan per square
meter last year; land for residential purposes was 1,103 yuan per square meter
and for industrial use 494 yuan per square meter.
Such big cities as Beijing
and Shanghai have higher land prices than other cities, with average land prices
in Yangtze River Delta region exceeding those in the Zhujiang Delta
area.
Land prices in most developed cities were stable, with Beijing,
Shanghai, Guangzhou, Shenzhen and Nanjing seeing small increases last year.
Beijing land prices rose by three percent on average last year, and those in
Shanghai increased by five percent, much lower than the rate in 2002.
Residential land prices in Guangzhou and commercial land prices in Shenzhen
declined last year.
Shanghai's average housing prices reached 5,118 yuan per
square meter, an increase of 24.2 percent from a year before, five times the
rate of land price growth.
Wendy Zhang/ Shanghai Daily news
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