China's housing prices see slight month-on-month growth in August

Pedestrians pass by a residential community developed by Evergrande in Huaian, Jiangsu province, in August. (Photo provided to China Daily)

BEIJING - China's housing market remained generally stable in August, with slight month-on-month growth in home prices in major cities, official data showed Monday.

New home prices in four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- rose by 0.6 percent month on month in August, up 0.1 percentage points from a month earlier, according to data from the National Bureau of Statistics.

On a monthly basis, new home prices edged up 0.6 percent in 31 second-tier cities, and rose 1 percent in 35 third-tier cities.