China's home prices remain stable in July

BEIJING, Aug. 15 (Xinhua) -- Home prices in 70 major Chinese cities remained generally stable with a slight pickup in large cities in July, official data showed Thursday.


Photo: VCG

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.3 percent month on month in July, up from the 0.2-percent increase in June, the National Bureau of Statistics (NBS) said in an online statement.

On a monthly basis, new home prices in 31 second-tier cities and 35 third-tier cities both climbed 0.7 percent from June.