New House Prices Rises Slowed in China’s First-Tier Cities Last Month(Yicai Global) Dec.14 -- New house prices in China's four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen rose 3.9 percent last month from the same time last year, but in growth 0.2 percentage points lower than the month before, according to data the National Bureau of Statistics released today.
They also climbed 0.2 percent on the month in an increase that was down 0.1 percentage points from October.
The cost of second-hand housing in these big cities rose 8.3 percent from the same period last year in growth 0.3 percentage points higher than the previous month, and swelled 0.5 percent from the month before, a figure unchanged from October.
New unit prices in China’s 31 second-tier cities rose 4.2 percent from the same period last year, but 0.2 percentage points less than in October, and increased 0.1 percent from the previous month, unchanged from October.
The price of second-hand housing in these smaller cities rose 2.1 percent from the same period last year, but flat from the previous month, and climbed 0.1 percent from the previous month, down 0.1 percentage points from October.
Editor: Ben Armour, Xiao Yi
