BEIJING, April 18 (Xinhua) -- Property prices in 70
large and mid-sized Chinese cities rose 11 percent year-on-year in the first
quarter, the National Development and Reform Commission (NDRC) said on Friday.
The price hike is 0.8 percentage points higher than
that in the previous quarter, the NDRC said in a joint statement with the
National Bureau of Statistics.
Prices of new apartments jumped 11.8 percent, down
0.4 percentage points from the same quarter last year, while prices of
second-hand flats rose 11.5 percent, up 1.7 percentage points.
Prices of new non-residential properties were up 7
percent, 0.3percentage points higher than the same quarter of last year, while
those of second-hand non-residential properties rose by 8.9 percent, up 2.1
percentage points.
Prices of new properties in mid-sized cities rose
faster in March than that of big cities such as Shanghai, Guangzhou and Beijing,
which saw faster price rises in the 2006-2007 period.
Urumqi, capital of the northwestern Xinjiang Uygur
Autonomous Region, continued to top the growth list with a 25.3 percent increase
in March. It was followed by Haikou and Ningbo, which saw property prices rose
18.3 percent and 18.2 percent, respectively.
Beijing reported a 16.9 percent hike in prices of new
properties in the previous month.
In contrast, prices of new homes in Shenzhen, a
southern city bordering Hong Kong, and Nanjing, capital of east China's Jiangsu
Province, fell 4.9 percent and 0.8 percent, respectively, from the previous
month.