The housing price is expected to go on rising in the national capital Beijing next year, according to a report by CB Richard Ellis (CBRE), a commercial real estate service company.

The report says that residential housing within fourth ring road has reported a marked price rise in 2005.

CBRE also predicts that in 2006, there will be less new, residential houses to be built within the fourth ring road areas owing to restrictions on land supply. And future new houses will concentrate mainly in rural-urban conjoint areas, especially the east fourth and fifth ring roads areas.

The second-hand housing will buffer for the rising housing price in the coming year, the CBRE report said.

Source: Xinhua