Home prices in 70 major Chinese cities remained generally stable in November, official data showed Monday.
New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.6 percent month on month in November, 0.5 percentage points faster than the previous month, the National Bureau of Statistics said.
In 31 second-tier cities, new home prices rose 0.2 percent in November from October, 0.3 percentage points lower than the previous month.
New home prices rose 0.5 percent in 35 third-tier cities in November from October and the growth pace was 0.1 percentage points lower than the previous month.
Prices of resold housing in first-tier cities rose 0.2 percent in November month on month, 0.1 percentage points higher than the previous month.
Prices of resold housing in second-tier cities reported a rise of 0.1 percent, the same as that of the previous month.
Resold home prices were up 0.3 percent month on month in third-tier cities, and the growth pace was 0.2 percentage points lower than the previous month.
(Source:ourjiangsu.com)