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Home - China Take - House Price Drop

House Price Drop

May 19, 2010

Earlier this month state media in China widely reported that property prices in Beijing had plummeted - almost overnight. The figures quoted in newspapers and on TV claimed the price of an average city apartment had dropped to around $230 per square foot – a fall of more than $110 per square foot or 30% - compared to a week earlier.

Now that's a huge drop any way you look at it - although it must be remembered it comes from a staggeringly high starting figure. And it still leaves the average house in the capital way above the purchasing power of most ordinary Beijing residents.

Tags: house price,huge drop,purchasing power

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[2010/02/23] Sick Baby Dilemma
[2010/02/23] Paying Extra For Organic
[2010/02/21] Dalai Lama Meeting: Chinese Reaction
[2010/02/20] Fighting Online Game Addiction
[2010/02/19] Japan's GDP Figures: Chinese Reaction
[2010/02/18] C-Section Trend
[2010/02/18] Hillary's Future
[2010/02/17] Can Soccer Boss Clean Up The Sport?
[2010/02/13] Divorce Rates Soar
[2010/02/12] Jackson's Doctor Arrest
[2010/02/11] Obama Talks Tough: Chinese Reaction
[2010/02/11] Festive Fun
[2010/02/10] Body Donation Doubts
[2010/02/09] More Tainted Milk Discovered
[2010/02/07] No Cell Phones For Kids?
[2010/02/07] Does School Make A Difference?
[2010/02/06] Dalai Lama Visit
[2010/02/05] Talking To The Taliban
[2010/02/05] China's Space Race
[2010/02/04] Online Reaction To Taiwan Arms Sales
[2010/02/04] Spending On Tibet
[2010/02/03] Vietnamese Wife
[2010/02/03] Chinese Luxury Goods
[2010/02/02] Should Dog And Cat Meat Be Banned?
[2010/02/02] Women In The Workplace
[2010/01/31] Corruption: What can be done?
[2010/01/30] Time To Tax Motorists?
[2010/01/30] Quake Donations "Misused"
[2010/01/29] Super Rich Eye Homes Abroad
[2010/01/29] Blood Transfusion Concerns
[2010/01/28] Be Positive…Or Else!
[2010/01/28] Do You Feel Richer?
[2010/01/27] Killer Hailed A Hero
[2010/01/27] China No.2 Economy
[2010/01/26] Avatar Pulled Or Pushed?
[2010/01/26] Dying With Dignity
[2010/01/24] U.S. Donations Cause Controversy
[2010/01/24] Worth The Sacrifice?
[2010/01/23] Elementary School Pressure
[2010/01/22] "Compassionate Invasion" Of Haiti
[2010/01/22] What Level Of Education Is Best?
[2010/01/21] Kidnapping Sparks Online Debate
[2010/01/21] Was It Right To Cancel Mr Gay?
[2010/01/20] Japan Vows Action On Gas Fields
[2010/01/20] Online Vs Real Life Opinion?
[2010/01/19] Rewards Given For Porn Reports
[2010/01/19] Anti-Missile System
[2010/01/17] 9.5% GDP Growth In 2010?
[2010/01/17] Kiss Causes Airport Chaos
[2010/01/16] Haiti Earthquake
[2010/01/15] Google Threat: Chinese Reaction
[2010/01/15] Battling Anti-Social Behavior
[2010/01/14] Super Tanker To Aircraft Carrier
[2010/01/14] Movies - Chinese Or Foreign?
[2010/01/13] Yale Given $8,888,888 Donation
[2010/01/13] What Is "Western Culture"?
[2010/01/12] An Academic Controversy
[2010/01/12] Corrupt Journalists
[2010/01/10] Views on Housing Prices
[2010/01/10] Yao Ming's Baby
[2010/01/09] Tying The Knot Too Tightly?
[2010/01/09] Industrial Scandal Sickens 51 kids
[2010/01/08] What Goes Up… Must Come Down?
[2010/01/08] Top News For 2009
[2010/01/07] China's "Online Mafia"
[2010/01/07] Chinese Moviegoing Habits
[2010/01/06] Too Much Luxury?
[2010/01/06] Corrupt Judge
[2010/01/05] Mental Health In China
[2010/01/05] New Year Hopes
[2009/12/31] Resident Permit Reform
[2009/12/31] Iran Protests:Chinese Reaction
[2009/12/30] Online Reaction To Execution
[2009/12/30] Disabled Driver Rules Eased
[2009/12/29] Karaoke Songs Censored
[2009/12/29] Who Benefits From Taiwan Deals?
[2009/12/27] Online Chat Ok At Work?
[2009/12/27] Cold Attitude To H1N1 Suspects
[2009/12/26] Knowledge Of Christmas Traditions
[2009/12/26] US Arms Sale To Taiwan
[2009/12/25] Copenhagen Controversy
[2009/12/25] Too Many Motors?
[2009/12/24] Helping Migrant Workers
[2009/12/24] Secondhand Or New?
[2009/12/23] Farmer Compensated For Jail Time
[2009/12/23] Online Vs. TV Ad Markets
[2009/12/22] Putting The Brakes On E-Bikes
[2009/12/22] Cheering China's Workers
[2009/12/20] Balance Between Economy And Climate
[2009/12/19] Chinese Troops In Afghanistan?
[2009/12/19] In The Dock
[2009/12/18] Dorm Suicide, Who's To Blame?
[2009/12/18] Dating Changes
[2009/12/17] Earthquake School Rebuilt
[2009/12/17] Kidnapping Fears In China
[2009/12/16] Migrant Worker Woes
[2009/12/16] Food Safety
[2009/12/15] Who Pays The Piper?
[2009/12/15] Individually Green
[2009/12/13] Is The Shanghai Expo Important?
[2009/12/12] Improving Life For The Blind
[2009/12/11] Woman Burns Herself As Protest
[2009/12/11] Job Worries For Students
[2009/12/10] One Child Policy: Time For A Change?
[2009/12/10] Housing Costs
[2009/12/09] Repatriation For Fugitive?
[2009/12/09] Only Skin Deep
[2009/12/08] Best,Worst Things About Life In Xinjiang
[2009/12/06] Whitehouse Dinner Gatecrashers
[2009/12/06] Buying Property Overseas
[2009/12/05] Does Taxi Increase Bother You?
[2009/12/05] Martial Arts Showdown
[2009/12/04] Milk Victims Cry Foul
[2009/12/04] Is Obama Right On Afghanistan?
[2009/12/03] Selling Made In China
[2009/12/03] The Ideal Job
[2009/12/02] Match-Fixing Scandal
[2009/12/02] Worried About HIV/AIDS?
[2009/12/01] Buildings Beyond Belief?
[2009/12/01] Second Wife Syndrome
[2009/11/30] Yunnan Media Monitors
[2009/11/30] Electricity Price Hike
[2009/11/28] Graduate Patrols
[2009/11/28] What Do You Know About Africa?
[2009/11/27] China Not Interested In Democracy
[2009/11/27] Job Prospects For Returnees
[2009/11/26] Flowers Fertilized With Blood
[2009/11/26] Feelings Towards Beggars?
[2009/11/25] Net Users To Fight Corruption
[2009/11/25] Men Or Women: Who's Best At Business?
[2009/11/24] China's Compulsive Savers
[2009/11/24] Heaviest Financial Burden
[2009/11/22] Education: Time For A Change?
[2009/11/22] Dangers Of Child Labor
[2009/11/21] Most Powerful Person In The World
[2009/11/20] State Banquet
[2009/11/20] Changed View Of Obama?
[2009/11/19] Reaction To Obama
[2009/11/19] China's Western Allies
[2009/11/18] Changed Dynamics In Sino-US Relationship
[2009/11/18] What Would You Ask Obama?
[2009/11/17] Obama Quizzed In Shanghai
[2009/11/17] USD-RMB Exchange Rate
[2009/11/16] Dear Mr President…
[2009/11/16] Favorite President
[2009/11/15] Obama Out Of Ten
[2009/11/15] US More Student Exchanges
[2009/11/14] SNS Lawsuit Action
[2009/11/14] Stars In Commercials
[2009/11/13] Gang Justice?
[2009/11/13] Do You Support The Death Penalty?
[2009/11/12] New PKU Entrance Regulations
[2009/11/12] Beijing Or Home After College?
[2009/11/11] Prostitution Crackdown
[2009/11/11] Migration: The Good And The Bad
[2009/11/10] Online Gaming Row
[2009/11/10] Mixed Marriages
[2009/11/08] Students Stripped Bare
[2009/11/08] Are Students Well Behaved?
[2009/11/07] Taking The Mickey?
[2009/11/07] Can Chinese Culture Compete?
[2009/11/06] Qualified Doctor
[2009/11/06] Tsien Hsue-Sen
[2009/11/05] Chinese Workers Compensated
[2009/11/05] Domestic Violence
[2009/11/04] Prisoner Parade
[2009/11/04] To Block, Or Not To Block?
[2009/11/03] PLA Seeks Academic Recruits
[2009/11/01] Mob Rule
[2009/10/31] Does Graying China Affect You?
[2009/10/31] Foolhardy Or Brave
[2009/10/30] Views On Germany?
[2009/10/30] Privacy Rights Of Minors
[2009/10/29] Capitalizing On Coal
[2009/10/29] Is More Religion Good?
[2009/10/28] Returned PHD Suicide
[2009/10/27] Marriage Before House?
[2009/10/27] Net Check: Price of Medicine
[2009/10/26] China Donations
[2009/10/26] Gay Parents
[2009/10/24] Home Brands Or Foreign Brands?
[2009/10/24] License To Kill?
[2009/10/23] Is China Car Boom Good?
[2009/10/23] Hijacked Bulk Carrier
[2009/10/22] Foreign Friends
[2009/10/22] HIV Blog Hoax
[2009/10/21] National Games Too Much?
[2009/10/21] Taxi Entrapment
[2009/10/20] China And The World
[2009/10/20] After School Controversy
[2009/10/17] Currency Manipulation
[2009/10/17] Chongqing Gangs
[2009/10/16] Medal of Dishonor
[2009/10/16] Should Gays Serve in the Military?
[2009/10/15] Chinese Hummer
[2009/10/15] Bus Row Fallout
[2009/10/15] Mainland Maternity
[2009/10/15] Marriage Rush
[2009/10/14] Wuhan University Scandal
[2009/10/14] Study Abroad or at Home?
[2009/10/13] Sun Yue's Future
[2009/10/13] Al-Qaida Threat
[2009/10/10] Where In The World?
[2009/10/10] Obama's Nobel Prize
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/09] Was Rio The Right Choice?
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/08] Chinese Donations
[2009/10/08] China and North Korea
[2009/10/07] Illegal Taxis
[2009/10/07] China's Labor Shortage
[2009/10/06] Saving Money
[2009/10/06] Anti-Japanese Feelings
[2009/10/05] Worried About Your Job?
[2009/10/05] Today's Degrees Useless
[2009/10/04] Safety in Beijing
[2009/10/04] Life of Luxury
[2009/10/03] National Day vs. Olympics
[2009/10/03] Spoilt Rich Kids
[2009/10/02] IS Beijing's Air Cleaner?
[2009/10/02] Airport Clearner Freed
[2009/10/01] Parade Reactions
[2009/09/30] Students Auction Reputation
[2009/09/30] Video Piracy
[2009/09/29] No Divorces In Chongqing?
[2009/09/29] National Day Celebrations
[2009/09/27] Animal Cruelty
[2009/09/27] Capital Parade
[2009/09/26] Rising Ticket Prices
[2009/09/26] National Day Plans
[2009/09/25] Hacker's Gift to Nation
[2009/09/25] Japan's New PM
[2009/09/24] China Flag at White House
[2009/09/24] Flight Cancellations
[2009/09/23] Official Property Rules
[2009/09/23] Welcome Back Liu Xiang
[2009/09/22] NBC vs. CCTV
[2009/09/20] Liu Xiang Come Back
[2009/09/20] Pricy Pooch
[2009/09/19] 50% Off Abortions
[2009/09/18] Do You Buy Green Products
[2009/09/18] Open Chest Surgery Case
[2009/09/17] Military Parade
[2009/09/17] China Tax Increase
[2009/09/16] Importance of Military
[2009/09/16] National Day Security
[2009/09/14] Airplane Safety

RELATED PROGRAMS

Beyond the Headlines May 18

XINJIANG BACK ONLINE
THE RENT ALTERNATIVE
CHINA'S ONLINE SHOPPING SPREE
BEIJING MUSIC FESTIVALS
HOUSE PRICE DROP
SNEAKER ATTACK
GRAND CANAL JAM
China Take Oct. 14: Top 5 Comments

Cnooc 1$bn U.s. Oil Deal
State Owned Or Private?
House Price Controls
Search For China's Bigfoot
Political Reform And Wen Jiabao
China Take Nov. 23: Top 5 Comments

Oil Price Hikes
Automatic Reply
Soft Justice After Tv Fire
Punishment For Corruption
House Price Controls Too?
BON NEWS Oct. 26

US-China Relations
Not Yao's Restaurant
Ready For Take-Off
Dollar Slide
Marriage Before House?
Price of Medicine
Biggest City in China?
BON NEWS Sep. 24

Main Stories in today's BON News:

Overseas Chinese Celebrate
Tea Price Index
798 Art Festival
First Auto Wind Tunnel
Poll Position: Kaohsiung Film Festival
Net Check: China Flag at White House
Feature: 1955 Parade
China Take Dec. 06: Top 5 Comments

MOVE MOBILE EGG HOUSE
SHANGHAI KILLS STRAY DOGS
SUPREME COURT ON PETITIONERS
TEACHER APOLOGIZES - FOR BEING HIT
POWER OF THE INTERNET
Affordable Housing - For Some

It's not just temperatures that are skyrocketing in China this summer- house prices are soaring along with the mercury. So much so in fact, that the national government is promising some measure of relief for the middle class in the form of more government-assisted housing.

BON's Tony Zhou has more on how some lucky families are benefiting from affordable housing …
Media Watch June 11: National News

Front Page
China's Soft Power
Honda Strike Latest
House Buying A "Dream" For Many
Paying To Work
Websites Warned Over Porn Games

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