BUSINESS China's housing prices remain stable in September

BUSINESS

China's housing prices remain stable in September

Xinhua

12:39, October 20, 2020

Photo taken on August 16, 2019 shows a new residence building in Shanghai, East China. (File photo: Xinhua)

BEIJING, Oct. 20 (Xinhua) -- China's housing market remained generally stable in September, with slight month-on-month growth in home prices in major cities, official data showed Tuesday.

New home prices in four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- rose by 0.4 percent month on month in September, down 0.2 percentage points from a month earlier, according to data from the National Bureau of Statistics.

On a monthly basis, new home prices edged up 0.3 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities. 

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