Increases in Chinese home prices slowed in February for the second straight month, an independent survey showed Friday.
The average price of a new home in 100 major cities rose 10.79 percent year-on-year in February to 10,960 yuan ($1,783) per square metre, according to the China Index Academy, which compiled the survey.
The increase compared with a rise of 11.1 percent in January, according to the academy, the research unit of the real estate website operator Soufun.
Prices in February rose 0.54 percent from the previous month, the data showed, slowing from January's increase of 0.63 percent, but still marking the 21st straight month-on-month gain.
Beijing led the rise in the average cost of a new home among the 10 biggest Chinese cities in February, with the average price jumping 29.55 percent year-on-year to 32,764 yuan per square metre, the data showed.
Prices in the southern city of Guangzhou gained 23.37 percent year-on-year, while those in Shenzhen, near Hong Kong, rose 20.51 percent.
In Shanghai, China's commercial capital, new homes cost on average 32,022 yuan per square metre, up 14.27 percent from the same month a year ago.
The government has sought for more than three years to contain rising property prices, while also promising to increase the supply of affordable housing as price increases stoke discontent among ordinary citizens.
Increases in Chinese home prices slowed in February for the second straight month, an independent survey showed Friday.
The average price of a new home in 100 major cities rose 10.79 percent year-on-year in February to 10,960 yuan ($1,783) per square metre, according to the China Index Academy, which compiled the survey.
The increase compared with a rise of 11.1 percent in January, according to the academy, the research unit of the real estate website operator Soufun.
Prices in February rose 0.54 percent from the previous month, the data showed, slowing from January’s increase of 0.63 percent, but still marking the 21st straight month-on-month gain.
Beijing led the rise in the average cost of a new home among the 10 biggest Chinese cities in February, with the average price jumping 29.55 percent year-on-year to 32,764 yuan per square metre, the data showed.
Prices in the southern city of Guangzhou gained 23.37 percent year-on-year, while those in Shenzhen, near Hong Kong, rose 20.51 percent.
In Shanghai, China’s commercial capital, new homes cost on average 32,022 yuan per square metre, up 14.27 percent from the same month a year ago.
The government has sought for more than three years to contain rising property prices, while also promising to increase the supply of affordable housing as price increases stoke discontent among ordinary citizens.
