Fears of China property bubble grow

Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble.

Prices of commercial and residential property in China’s 70 largest cities rose by 10.7 per cent in February from the same period a year earlier, a marked increase from the 9.5 per cent year-on-year gain in January, according to China’s statistics bureau.

The figures released on Wednesday include subsidised and rent-controlled housing, where low price rises drag down the overall increase, as well as commercial real estate, where prices have been subdued or falling.

Read Full Article from Financial Times

- Posted: 2010-03-10 10:50:08

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