Home prices rise in fewer Chinese cities

Fewer Chinese cities saw month-on-month home price rises in February, official data showed on Tuesday.

Of a statistical pool of 70 major Chinese cities, 57 cities saw month-on-month rises in new home prices, fewer than 62 cities in January, the National Bureau of Statistics said in a statement.

For existing homes, prices increased in 46 cities month on month, down from 48 cities in the previous month, the statement said.