Millions of homes remain unoccupied

0 CommentsPrint E-mail Global Times, July 22, 2010
Adjust font size:

As housing vacancy rates rises indicating a worsening bubble in the property market, experts Wednesday urged the government to conduct a census to provide a more realist picture of the real estate sector.

Without a census, the government will still be unclear on how to make policy, said Zhu Zhongyi, vice-chairman of China Real Estate Association.

Zhu made the remark amid earlier reports that there are at least 60 million units of housing left vacant across the country.

An anonymous employee at the State Grid Wednesday told the Global Times that "we cannot get the figures of zero electric meters," without elaborating

The head of the Ministry of Housing and Urban-Rural Development, however, has admitted that housing vacancy is a problem.

But so far no government department has conducted a thorough census of the vacancy rates.

Teachers from Beijing Union University conducted a survey in 50 communities sold between 2004 and 2006 in Beijing and found that 27.16 percent of the electric meters did not move in 2007.

"The figures go higher as you move from the inner city, with the suburbs registering around 30 percent vacancy," said the writers of the survey quoted by 21st Century Business Herald.

Their figures did not include unsold properties.

The occupancy rate in new communities in Nanjing, capital city of Jiangsu Province, is nearly 50 percent, and in Hebei's capital city, Shijiazhuang, the rate is between 40 and 60 percent, said the report.

Experts attributed the vacant housing to a lack of investment alternatives as "people in China uses housing as store of value".

"Moreover, people may be over-optimistic, for they've never seen the housing market go down in the past years," Patrick Chovanec, associate professor of Tsinghua University's School of Eco-nomics and Management, told the Global Times

Chovanec added that the households in China have no property tax to pay, another reason leading to the high vacancy numbers.

If Chinese are given more investment channels and taxes are levied, they would not necessarily have to invest in the property market, advised Chovanec.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: xxxx69hd老师| 久久综合色婷婷| 男女性杂交内射女BBWXZ| 国产亚洲精品自在久久| 亚洲国产老鸭窝一区二区三区| 在线看片中文字幕| 一个人看的www免费在线视频| 无码视频一区二区三区| 久久精品第一页| 欧美丰满熟妇BBB久久久| 亚洲欧美日韩中文字幕一区二区三区 | 日本人强jizz多人高清| 国产精品网址你懂的| 99精品视频99| 女人与公狗交酡过程高清视频| 丁香六月色婷婷| 成人福利app| 中文字幕无码免费久久9一区9| 日本中文字幕在线精品| 久久成人免费播放网站| 曰批免费视频播放30分钟直播| 亚洲人av高清无码| 欧美性猛交xxxx乱大交极品| 亚洲欧美日韩天堂一区二区 | 99RE久久精品国产| 夜天干天干啦天干天天爽| japanese日本护士高潮| 女大学生沙龙室3| 一区二区三区视频免费观看| 性宝福精品导航| 三色堂明星合成论坛| 成人午夜兔费观看网站| 中文在线最新版天堂| 成年人免费小视频| 中文字幕免费在线视频| 成年男女男精品免费视频网站| 丰满大白屁股ass| 成年女人在线视频| 两个人日本WWW免费版| 开始疼痛的小小花蕾3| 一级毛片无遮挡免费全部|