Latest News:  
Beijing   Sunny/Cloudy    21 / 10   City Forecast

Home>>China Business

More Chinese cities see slower property price increases in September


14:45, October 18, 2011

BEIJING, Oct. 18 (Xinhua) -- More cities reported a slowdown in year-on-year increases in property prices in September as a result of government's tightening efforts to cool the market, according to the National Bureau of Statistics (NBS).

In September, 59 cities out of the statistical pool of 70 major cities saw new home prices increase more slowly from a year earlier, compared with 40 cities in August, the NBS said in a report on its website.

For month-on-month changes, 17 cities saw declines in new home prices in September, up from 16 in August. Meanwhile, prices in 29 cities remained unchanged, the report said.

"The rapid growth in property prices has been markedly contained. Government's control efforts have achieved positive results as prices in some cities begin to retreat," NBS spokesman Sheng Laiyun said in a press release.

As for resold housing units, 46 cities reported second-hand home prices declined or stayed unchanged month-on-month in September, up from 43 in August, the report added.


Leave your comment0 comments

  1. Name


Selections for you

  1. Cynthia Valdez wins gold in rhythmic gymnastics at Pan American Games

  2. Celebration begins as Libya's NTC to fully control Bani Walid

  3. Exhibition on Chinese craftsmanship opens

  4. Marriages need cash and love

Most Popular


  1. Small vendors' wrath
  2. Sincerity needed to solve South China Sea dispute
  3. Money-dominated US must listen to its people
  4. Hold high banner of peace, development, co-op
  5. Rising inequlity threatens growth legitimacy
  6. Wall Street protests highlight global strife
  7. Watchful eye on Mekong River drug trade
  8. CPC's leadership essential to China's cause
  9. India-Vietnam oil exploration deal must be stopped
  10. China upholds peaceful development

What's happening in China

Mother testifies to good character of rescuer

  1. Screen doors make city's subways safer
  2. Wal-Mart top China exec quits
  3. Teen accused of hurting woman
  4. Experts call for public to help accident victims
  5. Taobao revises fee plan

PD Online Data

  1. Chinese Valentine's Day
  2. Double Ninth Festival
  3. Dragon Boat Festival
  4. Solar Terms
  5. Laba Festival