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Real Estate Prices Up in Major Chinese Cities
The real estate prices in 35 major Chinese cities continued to rise during the second quarter this year, according to the latest market survey.
Housing prices were up by 2.5 percent over the same period of last year, with more individual purchases.
The price of ordinary residential apartments grew by 2.5 percent, luxury houses 1.2 percent.
Influenced by the stable growth of the national economy, the price of non-residential buildings increased by 2.5 percent.
Trading of private houses was active as the price upsurge reached 4.4 percent, against the same period of last year.
The rental rate also grew by 3.1 percent. Affected by the policy adjustment, the rental rate for public-owned houses or apartments rose by 9.4 percent. However, rental for private residences declined by 1.1 percent.
The survey was done by the State Development Planning Commission and National Bureau of Statistics (NBS).
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