More Chinese cities saw home prices rise month on month in November amid government measures to cool the sector, the National Bureau of Statistics said on December 18.
In November, 53 out of a statistical pool of 70 major cities recorded higher new home prices month on month.
Prices in 10 cities declined in November, and those in the other seven were unchanged.
On a year-on-year basis, 25 cities saw rises in new home prices in November, up from 12 in October. Prices in 41 cities dropped year on year, down from 56 in October.
The property market has shown signs of warming up in recent months, after the central bank cut both interest rates and reserve requirement ratios twice earlier this year to buoy the economy.
The government will continue its property market controls next year, according to a statement released after the Central Economic Work Conference, held on December 15-16. |