Home prices in major Chinese cities grew at a slower pace in March, with fewer cities reporting month-on-month price gains, the National Bureau of Statistics announced on Friday.
Of a statistical pool of 70 major Chinese cities, 56 cities saw month-on-month gains in new home prices in March, down from 57 in February, the NBS data showed.
For existing homes, prices increased in 42 cities month on month in March, down from 46 in the previous month, the data showed.
On the month-on-month basis, new homes in four cities saw prices decline in March while 14 cities saw drops in existing home prices, the data showed.
Property bubble burst foreseen
2013-11-11Real estate bubble seen bursting in China, US: Experts
2013-11-12Home sales shrink faster in Q1 amid cautious sentiment
2014-04-17Pre-owned home sales at a 6-year low, inventories up
2014-04-08Beijing‘s March second-hand home sales at 6-year low
2014-04-06Home prices stagnate, purchases fall
2014-04-02Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.