Property prices fall in more Chinese cities in August

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20experiencing%20a%20significant%20slip%20in%20fund-raising%20this%20year%20compared%20to%20previous%20years%2C%22%20said%20China%20Vanke%20Co.%2C%20the%20country%27s%20largest%20property%20developer%20by%20market%20value%2C%20in%20a%20statement.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ENevertheless%2C%20developers%20have%20continued%20to%20invest%20in%20the%20real%20estate%20market%2C%20secured%20by%20the%20handsome%20profits%20they%20have%20raked%20in%20from%20previous%20sales.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EDuring%20the%20first%20eight%20months%2C%20investment%20in%20the%20nation%27s%20property%20sector%20rose%2033.2%20percent%20year-on-year%20to%203.78%20trillion%20yuan%2C%20of%20which%202.71%20trillion%20yuan%20went%20to%20residential%20housing%2C%20an%20increase%20of%2036.4%20percent%20over%20the%20same%20period%20last%20year%2C%20according%20to%20earlier%20NBS%20data.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ETo%20curb%20the%20market%2C%20the%20government%20has%20announced%20that%20it%20will%20build%2036%20million%20affordable%20housing%20units%20between%202011%20and%202015.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EConstruction%20on%20more%20than%205%20million%20of%20the%20units%20had%20already%20started%20as%20of%20June.%20The%20government%20expects%20the%20construction%20of%20nearly%204%20million%20units%20will%20be%20completed%20within%20the%20year%2C%20according%20to%20a%20statement%20issued%20by%20the%20State%20Council%20in%20July.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20country%20needs%20a%20medium%20and%20long-term%20plan%20for%20the%20property%20sector%20as%20it%20would%20help%20combine%20short-term%20controlling%20policies%20with%20the%20nation%27s%20long-range%20development%20blueprint%2C%22%20said%20Zhu%20Zhongyi%2C%20vice%20secretary-general%20of%20the%20China%20Real%20Estate%20Association.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%uFF08Source%uFF1AXinhua%20Net%uFF09%3CBR%3E%3C/FONT%3E%3C/P%3E