The average housing prices for newly-built apartments in China's 70 major
cities rose 5.8 percent year-on-year in November, sources with the National
Development and Reform Commission (NDRC) said yesterday.
Housing prices in Fuzhou, capital city of southeastern
Fujian Province, posted the fastest increase of 10.4 percent in November,
followed by Beijing with a rise of 10.3 percent.
Housing prices in coastal cities including Shenzhen, Xiamen and Qinhuangdao
also posted an increase of over 9 percent.
Shanghai is the only city that witnessed a slight drop of 0.1 percent in
housing prices in November. Real estate prices in Shanghai have been in decline
since last December.
Housing prices in Beijing again rose by double-digits for the sixth
successive month.
In November, the average prices of second-hand houses in the 70cities rose by
5.2 percent over the same period of last year and the prices of commercial
buildings increased 4 percent year-on-year.
