Economy

Home prices in China continue to rise in February

(Xinhua)
Updated: 2011-03-18 12:46

BEIJING - Home prices in most major Chinese cities continued to rise month on month in February despite government efforts to cool the property market, according to the National Bureau of Statistics (NBS) Friday.

Month-on-month price declines of new commercial homes were reported only in eight cities out of the NBS' statistical pool of 70 major Chinese cities, prices stood unchanged in six cities, while 56 other cities posted monthly price gains.

As for resold housing units, home prices continued to increase in 50 major cities in February from January, only four cities reported second-hand home price declines month on month in February, according to the NBS.