Home prices in 70 major mainland cities expanded at a slower pace in March, rising 7.7 percent year on year but slowing from February’s 8.64 percent growth, Global Times reported Friday.
According to National Bureau of Statistics data compiled by real estate brokerage Homelink, 69 out of the 70 major cities tracked by the bureau registered rises in new home prices in March, with Wenzhou in Zhejiang province the only center to post a fall. Growth rates were slower in 68 of those cities.
Home prices were up 0.22 percent month on month in March, down on February’s 0.28 percent expansion rate, the report said.
Shanghai led the new home price rises with 15.5 percent year-on-year growth. Beijing and Shenzhen both saw 13 percent gains, it said.
– Contact HKEJ [email protected]