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BEIJING, Aug. 12 (Xinhuanet) -- In the second quarter, property prices in China's 30 cities hit record highs, increasing 16.2 percent compared with the same period last year.
Data released by E-house China showed, the average price in the 30 cities stood at 12,187 yuan per square meter.
China's four first tier cities including Beijing, Shanghai, Guangzhou and Shenzhen saw the sharpest surge in property price and trade volume in five years.
Analysts expect more solid signs of recovery in the property sector in the third quarter.
(Source: CNTV.cn)
