{"id":3203,"date":"2019-03-19T08:14:55","date_gmt":"2019-03-19T08:14:55","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3203"},"modified":"2021-06-04T14:26:50","modified_gmt":"2021-06-04T07:26:50","slug":"xian-outpaces-home-price-growth-in-chinese-cities","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/xian-outpaces-home-price-growth-in-chinese-cities\/","title":{"rendered":"Xi&#8217;an outpaces home price growth in Chinese cities"},"content":{"rendered":"<p>Three months of fast rises for the Shaanxi provincial capital<\/p>\n<figure id=\"attachment_3204\" aria-describedby=\"caption-attachment-3204\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3204\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1326921602-compressor.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1326921602-compressor.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1326921602-compressor-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_1326921602-compressor-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3204\" class=\"wp-caption-text\">The City Wall of Xi&#8217;an, China. mark stephens photography\/Shutterstock<\/figcaption><\/figure>\n<p>The mainland Chinese city of Xi\u2019an saw new home prices grow 24.2 percent in the year to February, the fastest rate among 70 cities surveyed by the state-run National Bureau of Statistics,\u00a0<a href=\"https:\/\/www.caixinglobal.com\/2019-03-18\/xian-bucks-nationwide-real-estate-trends-as-new-home-prices-continue-to-rise-101393915.html\" target=\"_blank\" rel=\"noopener noreferrer\">Caixin Global<\/a>\u00a0reported.<\/p>\n<p>This marks the third month on the chart summit for the Shaanxi provincial capital. The city also ranks among the three Chinese cities with the biggest new home price increases for seven consecutive months.<\/p>\n<p>The fast appreciation of Xi\u2019an residential property may be attributed to the city\u2019s loose land and development policies encouraging individual real estate purchases, analysts believe. The city offers fast-tracked residence approvals, part of its campaign to attract talent.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/a-tale-of-two-tiers-in-china\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More:\u00a0A tale of two tiers in China<\/strong><\/a><\/p>\n<p>There is still room for new home prices in the city to grow, Caixin Global predicted, citing market observers.<\/p>\n<p>In January alone, the government and real estate companies completed 30 land transfer deals, with total associated fees hitting CNY17.6 billion (USD2.62 billion), up 301 percent year-on-year, according to local real estate consulting firm Meicheng. The Xi\u2019an municipal government raised land supply for residential property by 34.47 percent annually.<\/p>\n<p>New home prices in the city also reached CNY4,291 per square metre in January, an annual growth of 71 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three months of fast rises for the Shaanxi provincial capital<\/p>\n","protected":false},"author":2,"featured_media":20096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-3203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Xi&#039;an outpaces home price growth in Chinese cities | Asia Property 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