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Beijing sees 7.6 pct housing price decrease in 2012

Posted on 07 January 2013

Beijing has seen an increase in the number of residential apartments sold in the city and witnessed a drop in prices for newly built homes in 2012, the Beijing Real Estate Association said on Sunday.
The capital sold about 230,000 residential apartments, a 36.9 percent year-on-year increase, statistics released by the association said. The average price for newly built residential apartments was 20,700 yuan(about 3322 U.S. dollars) per square meter. The figure was a 7.6 percent year-on-year decrease from that in 2011………………………………………..Full Article: Source


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