BEIJING, Oct. 18 (Xinhua) -- Fewer Chinese cities saw rises in home prices in September as the country continued its efforts to curb the cost of property, figures released by the National Bureau of Statistics (NBS) showed on Thursday.
In September, 31 cities out of a statistical pool of 70 major cities recorded higher new house prices than a month earlier, down from 36 in August, according to the NBS.
Compared with August, new home prices in 24 cities declined in September. This was up from 20 in August, while 15 cities saw their new home prices unchanged, the data showed.
On a year-on-year basis, fewer cities saw rebounds in new home prices last month, with 12 out of the 70 cities witnessing increases of up to 1.2 percent. Prices rose in 14 cities in August from one year earlier.
China has tightened its curbs on the property sector since 2010 in an effort to bring rocketing home prices back to a reasonable level. The government has restricted home purchases in several cities while requiring higher down payments and introducing property taxes.
Recent government policies to bolster a slowing economy, including interest rate cuts in June and July, helped boost demand for housing and fuel expectations of price rises.
During recent talks on economic conditions, Premier Wen Jiabao said the country's economic growth had started to stabilize and witnessed positive changes with the economy running well in the third quarter.
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Driven by a housing market rebound, the sales in units were up 6.4 percent from a year ago, real estate agency Centaline Property revealed on Tuesday. Full story
Fewer Chinese cities see home price rises in August
BEIJING, Sept. 18 (Xinhua) -- Fewer Chinese cities saw home price rises in August from July as the country continued efforts to curb property prices and speculation, it was revealed on Tuesday.
In August, 36 cities, down from 50 in July, out of a statistical pool of 70 major cities recorded higher new home prices than a month earlier, according to figures released by the National Bureau of Statistics (NBS). Full story
China's home prices rise for 3rd month
BEIJING, Sept. 3 (Xinhua) -- New home prices in major Chinese cities continued to rise in August, signalling a moderately warming real estate market, according to data released by the China Index Academy (CIA) Monday.
The average new home price in 100 surveyed cities rose for the third straight month to 8,738 yuan (1378 U.S. dollars) in August, an increase of 0.24 percent from July, the CIA said. Full story
China's home prices rebound in June
BEIJING, July 18 (Xinhua) -- More major cities in China saw home prices rise in June from May, as the country's property sector has showed signs of warming following government efforts to stimulate the slowing economy, official data showed Wednesday.
In June, 25 cities, drastically up from six in May, out of a statistical pool of 70 major cities recorded higher new home prices than in the previous month, the National Bureau of Statistics (NBS) said in a statement. Full story