Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>China Business

Property prices increase in October

By Wang Xinyuan (Global Times)

09:04, November 19, 2012

Despite continued curbing policies, more cities saw a rise in house prices in October than in September, the National Bureau of Statistics (NBS) said Sunday, and this trend of slight growth is likely to continue as policymakers are reluctant to make big changes that might destabilize the economy, market analysts said Sunday.

Among 70 major cities tracked by the NBS, 17 saw price falls in October compared with 24 in September. And housing prices in 35 of the 70 cities rose in October, four more cities than in September, though the average price rise was less than 0.5 percent, the NBS said in a statement on its website.

The official statistics show that prices of new homes in first-tier cities such as Beijing, Guangzhou and Shenzhen increased in October from September, and are 2.8, 4.7 and 2.6 percent higher, respectively, than in the same period of 2010, the year when policymakers began setting restrictions on house purchases to cool the overheating real estate market.

【1】 【2】 【3】

We recommend:

A Decade of Fastest Development

Eastern Boom Lightens Western Gloom

Chinese firms 'potential Trojan horses'? slows

AVIC unveils new aircraft engines

Oct. data released, inflation slows

13th Int'l Automobile Industry Exhibition

China Int'l Industry Fair opens in Shanghai

Caofeidian coal wharf put into use

Galaxy Soho building in Beijing


Leave your comment0 comments

  1. Name


Selections for you

  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular


  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules