China's capital reported 110.37 billion yuan ($16.18 billion) in fixed-assets investment in the first four months, a growth of 32.5 percent on the same period of last year.
China Vanke Co offered a price cut of as much as 800 yuan per square meter for two buildings of a housing project it has jointly developed with COFCO, the Economic Information Daily reported.
Beijing's residential housing prices dropped 8000 yuan per square meter on average a month after China issued tough property measures to cool the red-hot property market, the Beijing News reported Tuesday.
China's property market has slowed down under tightening policies, and this has begun to cool off related sectors such as the steel, cement and home furnishing industries, the China Business News reported Monday.
Chinese property stocks may face further decline amid short-lived rallies despite the current low valuations created by tough government policies, analysts said.
Measures could help stabilize home prices over a certain period of time, but the prices might show a "revenge" rally later this year as developers withdraw their investment, exacerbating the shortage of new properties.
Uncertainty about Beijing's luxury residential market has led speculators to step aside and caused some overseas owners to be anxious about their property assets.
The booming property market suddenly cooled down in April - in home sales, at least - after a range of government measures aimed at curbing runaway prices. Tough rules set to drop home prices 30%
A real estate exhibition is held in Hefei, east China's Anhui province, May 1, 2010.
Some property developers in Nanjing are offering discounts. But my friends feel like me that government efforts to cool the property sector may affect prices, so it's better to be conservative for now.
China's property market has started to cool down after the government introduced new regulation policies, with the country's four first-tier cities of Beijing, Shenzhen, Shanghai and Guangzhou all seeing their property trading volume go down, the Shanghai Securities News reported Tuesday.
Mainland stocks fell, extending a weekly slump, as developers and liquor producers dropped after the government stepped up measures to curb property gains and Kweichow Moutai Co reported a lower-than-estimated profit.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
