BUSINESS China's home prices see mild increases in February

BUSINESS

China's home prices see mild increases in February

Xinhua

10:12, March 15, 2021

BEIJING, March 15 (Xinhua) -- China continued to see a generally stable housing market in February, with home prices in 70 major cities showing mild month-on-month increases, official data showed Monday.

Potential homebuyers look at property models in Nantong, Jiangsu province. [Photo by Xu Jinbai/For China Daily]

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.5 percent month on month in February, compared with a 0.6-percent increase registered in January, according to data from the National Bureau of Statistics.

A total of 31 second-tier cities saw a month-on-month increase of 0.4 percent in new home prices, while 35 third-tier cities witnessed a month-on-month rise of 0.3 percent in new home prices last month.

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