By Liao Yingmin　

Date: 2004/11/18

Abstract:    

Growth rate in real estate investment has slowed down in the third quarter of 2004. The imbalance between supply and demand still exists and prices continue to go high. Many factors have contributed to the continuous rise of prices in real estate: strong demand, inadequate supply structure, improvements in the quality and function of houses, price hick in land and building materials, etc. Thanks to the implementation of regulatory policies, the growth rate of real estate investment and demand will continue to drop smoothly, and the rate of price increase will slow down. Macro control policies for the next stage should focus on stabilizing real estate prices and creating favorable conditions for the healthy and sustainable development of the real estate sector.