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People's Daily Online>>China Business

Home prices in most Chinese cities stop growing in Feb.

(Xinhua)

11:53, March 18, 2012

BEIJING, March 18 (Xinhua) -- New home prices ceased growing in most of 70 major Chinese cities in February, the National Bureau of Statistics (NBS) said Sunday.

In February, 45 cities out of the statistical pool of 70 major cities saw drops in new home prices from January, while new home prices in 21 cities remained unchanged, the NBS said in a statement on its website.

Only four cities saw gains in new home prices over the Jan.-Feb. period, the NBS noted.

On a year-on-year basis, 27 cities saw new home price declines in February, up from 15 in January, the NBS said.

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