Average land prices fell in the 2003 calendar year for the 13th straight year.
The Land, Infrastructure and Transport Ministry said Monday in a report that land prices in residential areas nationwide fell an average of 5.7 percent in 2003. The margin of decline narrowed for the first time in six years, it said.
Land prices in commercial areas nationwide fell an average of 7.4 percent, and the margin of decline narrowed for the second straight year, it said.