Severe Drop in Guangzhou Property Prices
The latest statistics released by Guangzhou Housing Management showed that the city's average housing prices plunged below 10,000 Yuan per square meter to 9078 Yuan. In Yuexiu district, the city's real estate price indicator, prices dropped by 5,000 Yuan to less than 7,200 Yuan per square meter, the lowest offer this year. If you are looking to buy property, now seems like the right time.
Crude Oil Price to Remain Stable
Good news for Cantonese consumers: Guangdong's oil prices are expected to remain stable. Guangdong Price Control Administration announced yesterday that for the time being, the Province will not adjust the retail prices of gasoline and diesel fuel. Experts predict that due to the global financial crisis oil prices should remain around USD 100 guaranteeing stable prices in China.
Guangdong to Experience New Cold Front Temperatures are to drop again in Guangdong this weekend, but not much increase in rainfall is expected. Guangdong will stay mainly sunny in the next two days, with a few showers scattered around the south of the province.
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