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China’s home prices slightly increase in March

Abstract : China continued to see a generally stable housing market in March, with home prices in 70 major cities showing mild month-on-month increases, official data showed Friday.

Aerial photo taken on Sept. 25, 2018 shows the downtown area in the sunset in Beihai City, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Huang Xiaobang)

BEIJING, April 16 (Xinhua) — China continued to see a generally stable housing market in March, with home prices in 70 major cities showing mild month-on-month increases, official data showed Friday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — rose 0.4 percent month on month in March, compared with a 0.5-percent increase registered in February, according to data from the National Bureau of Statistics.

A total of 31 second-tier cities saw a month-on-month increase of 0.5 percent in new home prices, while 35 third-tier cities witnessed a month-on-month rise of 0.3 percent in new home prices last month. Enditem

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Source: China’s home prices slightly increase in March

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