(Yicai Global) Nov. 16 -- China's housing market underwent slower monthly growth in major cities last month, official data issued today show.

New home prices in the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen went up 0.3 percent in October, which was 0.1 percentage points down from a month earlier, per the data from the National Bureau of Statistics.

The cost of a just-constructed residence inched up 0.1 percent in 31 second-tier cities, and rose 0.2 percent in 35 third-tier cities.

Editor: Ben Armour