By Liao Yingmin　

Date: 2004/08/16

Abstract: 　　

Since April 2004, increases in investment, supply and demand of real estate have both slowed down and macro-control measures have produced initial results. Increase in real estate investment has dropped down by a big margin and will approach the level of 2002 (21.9%) for the whole year. Speculative demand for housing has been brought under control initially. Rational consumer demand for housing remains robust. Housing supply growth falls deeper than that of housing sales. Housing vacancy rate has decreased. It is estimated that in 2004 real estate prices will continue to rise. Emphasis on the macro-control policy should be rested on balancing the supply and demand on the real estate market and stabilizing real estate prices while constantly implementing the macro-control policy.