China's home prices continue to rise in August

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New home prices continued to rise in most Chinese cities in August, according to official data released on Wednesday.

Of a statistical pool of 70 major Chinese cities, 66 saw month-on-month new home price rises, with the highest growth rate at 1.7 percent, the National Bureau of Statistics (NBS) announced.

In July, 62 cities recorded month-on-month increase in new home prices, with the highest rate at 2.2 percent.

• Home prices keep rising in August
• China's home prices continue to rise in July
• China's home prices continue to rise in June
• New home prices defy curbs
• Home prices rise in 54 of 70 Chinese cities
• Tax wrong weapon to combat home prices
• Major cities witness stable land prices
• Beijing sees 7.6 pct housing price decrease in 2012
• Restrictions on buying houses to be kept tight

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