24 June 2019

Dec home-price surge biggest for year, Bloomberg says

China’s new home prices in December jumped by the most last year even as the country’s biggest cities tightened property controls to moderate price gains, Bloomberg reported Wednesday, citing a property company survey of 100 cities. The average price rose 12 percent from a year earlier to 10,833 yuan (US$1,789) per square meter, SouFun Holdings Ltd. said. Prices climbed 0.7 percent from November. Beijing and Guangzhou had the largest year-on-year gains among the 10 biggest cities SouFun surveyed, both rising about 28 percent, while Tianjin recorded the smallest increase, with new home prices climbing 6.1 percent.

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