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ECONOMY
THIS WEEK> THIS WEEK NO. 5, 2014> ECONOMY
UPDATED: January 25, 2014 NO. 5 JANUARY 30, 2014
Home Prices Up
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Home prices in major Chinese cities continued to climb despite repeated government efforts to cool the sector.

Of a statistical pool of 70 major Chinese cities, 65 saw a month-on-month rise in new home prices and 64 reported price gains in

existing and second-hand homes in December 2013, according to figures released by the National Bureau of Statistics on January 18.

More cities saw price growth easing last December, a result the senior NBS statistician Liu Jianwei attributed to a raft of government efforts to stabilize market expectations, including more control measures and increasing supplies of affordable housing.

All of the cities except Wenzhou reported gains in new home prices over the past year.

First-tier cities continued to see rises in December, with the prices of new homes in Beijing and Shanghai surging over 20 percent from a year ago, but Liu said the trend has been losing momentum.



 
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