China’s house prices remain stable in Dec

17 January, 2019 12:00 AM printer

BEIJING: House prices in major Chinese cities remained stable in December as local governments largely continued control of the housing market, official data showed Wednesday.

On a monthly basis, new house prices in 59 of the 70 major cities monitored by the government gained in December, down from 63 a month earlier, data from the National Bureau of Statistics (NBS) showed, reports Xinhua.

Eight cities reported lower new house prices while three saw prices unchanged.