SHANGHAI recorded China’s biggest increase in home prices in March as top-tier cities led gainers for the second-straight month, the National Bureau of Statistics said yesterday.
Excluding government-funded affordable housing, prices rose in 68 of the 70 cities tracked by the bureau, compared with 66 cities in February, as buyers wrapped up deals before a series of new property measures are implemented. Price was flat in Quanzhou, while Wenzhou was the only city that registered a monthly fall.
New home prices in Shanghai climbed 3.2 percent from the previous month, the fastest rise across the country. It was followed by Shenzhen, Beijing and Guangzhou, which advanced 2.8 percent, 2.7 percent and 2.5 percent, respectively.
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Cherry Cao via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/GN3IVq97PZA/
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