China Financial Daily

Fuzhou City residential benchmark 5-year premium increase of more than 50%
Fuzhou city, the Government has announced four new residential urban land price benchmark standards in 2004 compared to pre-established standard, 5 years in Fuzhou City residential base rate of premium increase of more than 50%. People in the trade, the benchmark land price increase will have an impact in many ways.

Fuzhou City’s new domestic benchmark land prices show the base price level of residential land for 4.5 million yuan per mu, and before three million yuan per mu. Two benchmark land price of residential land for 3.3 million yuan per mu, before two million yuan per mu. Adjustment of all six levels of residential land or land base more than 50%.

Analysis of the industry, residential development sites in Fuzhou is the actual price is much higher than the original price of the benchmark to adjust the base premium residential district is more truly reflect the market price of land may have little effect on prices. In addition, Fuzhou property market is currently in a structural adjustment period, the benchmark price by the developer to raise the price adjustment, not a rational choice. However, most people still expressed concern about the urban land price increase in benchmark prices will be “gone up.”

Experts point out that urban housing will increase the base price of the real estate transaction to the public and land relocation compensation and other economic

Oil prices do not increase during the Dragon Boat Festival
By (press Central Bangladesh) yesterday, a lot of owners have to refueling stations ranked team, the result was the oil information” to a handful of cheat. As a result more than the media have predicted that the retail prices of refined oil may be raised in last night, causing some tension in the owner of a white back.

It is reported that the recent market rumors, refined oil prices by May 28 will be raised, which led to yesterday’s gas station on the oil industry is concerned about the changes. However, the National Development and Reform Commission yesterday made it clear that the departments concerned, relevant departments of Development and Reform Commission yesterday, the normal work of staff, will not work overtime during the holiday period. This remark means that not the recent increase in oil prices, hope that we reduce the expected increase in oil prices, have a happy Dragon Boat Festival. “Whether the increase in oil prices in June, not to say” relevant person in charge of Development and Reform Commission said.

Earlier, the National Development and Reform Commission in the May 7 announcement of the “oil management practices,” which mentioned that when the international market of crude oil for 22 days moving average price changes more than 4% when adjusted for domestic oil products prices. Since January 1 this year, the domestic refined oil prices have been adjusted 3. Recently, however, rising international oil prices, and the distance from the last increase in domestic oil prices for almost two months, which caused widespread concern in the media, we are beginning to “calculated” from the time oil prices.