Property prices 'causing distress'
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Commercial property prices have gone up 5 to 10 percent, with a square meter costing between 4,935 to 5,280 yuan.
From January to August this year, developers have invested 2,111 billion yuan in property, up 14.7 percent year-on-year.
Revenue of commercial property is 2,346.3 billion yuan, up 69.9 percent year-on-year.
The moans over property prices are the talk of the town, reaching a peak this year as the Chinese television drama, Dwelling Narrowness, became a hit with many viewers across the country.
The 35-episode series has touched the nerves of city dwellers who find empathy with the characters in the drama, according to media reports.
Caught in a debate between reality and morality, the audience could not help but connect with the pains and pressures caused by the cost of living in the city, television analysts have said.
Most young college graduates and migrant workers who settle into jobs in big cities prefer to buy an apartment rather than rent, according to media reports.
But rising housing prices make an apartment a difficult dream.
The ownership leaves a burden that costs their parents' their entire savings or results in decades of mortgage loans.
Wang Ke, a purchasing manager with a monthly salary of 10,000 yuan, had to borrow money from her grandmother for the down payment for her apartment.
With a monthly mortgage of 4,000 yuan, Wang said saving money is now virtually impossible.
"Housing prices are going up each day, though my salary stays still," she said.
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