Only one out of the 70 large and medium cities in China has seen home prices cool in November compared to October, Xinhua news agency reported Wednesday, citing data from the National Bureau of Statistics (NBS). Prices in first-tier cities — Beijing, Shanghai, Guangzhou and Shenzhen — continued to rise, it said. Of the 70 cities surveyed, three reported no increase in home prices last month, while 66 cities have seen prices go up, it said. The increase was as much as 1.3 percent over the October levels. That said, the overall rise was generally narrower, due to tighter home purchase policies in various cities, NBS analyst Liu Jianwei was quoted as saying.
– Contact HKEJ at [email protected]