Wendy Zhang/ Shanghai Daily news

A series of government macro-adjustment policies have successfully slowed the rate of increase in property prices in 35 medium and large-sized cities during the second quarter, the National Bureau of Statistics reported yesterday.
Property prices in Beijing from April to June rose by 6.5 percent year-on-year, lower than the average increase for the 35 cities of 8.0 percent. Prices for new housing hit an average of 6,567 yuan (US$791) per square meter in Beijing, up 6.9 percent year-on-year; secondary prices averaged 5,469 yuan, up 7.3 percent year-on-year.
Nationally, in terms of having the highest rate of increase, Shanghai has been replaced by Hangzhou where average prices rose by 12.5 percent.
Secondary residential prices in the 35 cities increased by an average of 9.5 percent year-on-year and 1.0 percent from the previous quarter, down 1.9 and 2.7 percent respectively.
Secondary non-residential prices increased 6.2 percent year-on-year and 1.3 percent over the previous quarter, down 1.1 and 0.7 percent respectively.