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Article: NEW PROPERTY CONSTRUCTION SHRINKS IN GUANGZHOU
- Article from:
- AsiaInfo Services
- Article date:
- October 27, 2008
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AsiaInfo Services
10-27-2008
New Property Construction Shrinks in Guangzhou
GUANGZHOU, Oct 27, 2008 (SinoCast via COMTEX) -- New property construction in Guangzhou city, Guangdong province, fell 4.8 percent since the start of 2008 and the construction slid 32.3 percent in the third quarter.
In the first nine months, local property construction in Guangzhou totaled 52.47 million square meters, up 14.3 percent than the same period of last year. Construction areas of houses gained 10.2 percent to 35.06 million square meters.
New property construction shrank in the second half of 2008, compared to the 10 percent rise in the ...