[photopress:Zhang_Guangning.jpg,full,alignright]Mayor Zhang Guangning speaking at the National People’s Congress in Beijing, admitted that housing prices in Guangzhou rose too rapidly in 2006. But, he said, ‘the figures from the city’s housing administration show that price declined 0.7% in January year-on-year. This is a signal that our price-control measures are beginning to work.’
Zhang Guangning promised prices in the southern metropolis will be made much lower soon with the government’s full efforts. Low and medium-income citizens should keep watching the housing price instead of rushing to buy an apartment.
Zhang’s promise was welcomed although many are not as optimistic as the mayor.
A netizen commented on sina.com, China’s most popular portal, ‘The mayor should be respected for his courage to make the promise, as housing prices across the country have reached an unreasonally high level.’
Another posting was, ‘I hope it does not turn out to be empty talk. If Guangzhou could take the lead in push down housing price, the mayor will be supported all over the country.’
Another wrote, ‘It will be great accomplishment if the mayor can knock down the skyrocketing price.’
In a recent survey by China Central Television, the excessively expensive apartment price is currently the second biggest barrier to Chinese people’s feeling of happiness, following health care availability.
Source: China Daily