China’s home prices stay stable in Jan

18 February, 2020 12:00 AM printer

BEIJING: China continued to see a generally stable housing market performance in January, with home prices in 70 major cities reporting overall mild month-on-month increases, official data showed Monday.

Some 47 of the 70 cities reported month-on-month new home price gains, shrinking from 50 cities registered in December, data from the National Bureau of Statistics (NBS) showed, reports Xinhua.

New home prices in four first-tier cities—Beijing, Shanghai, Shenzhen and Guangzhou—increased 0.4 percent month on month in January, 0.2 percentage points faster than the previous month, according to the data.