(MENAFN) Prices of homes in major Chinese cities continued its upward trend last month regardless of the government's attempts to cool the property market, Xinhuanet reported.
The country's National Bureau of Statistics (NBS) said that 65 major cities, of a statistical pool of 70, recorded a month-on-month increase in new home prices last month, while prices of existing and second-hand housing went up in 62 cities.
The prices of new homes increased by an average of 0.7 percent month-on-month, down 0.2 percent from the month before it. New home prices in Beijing and Shanghai soared 20 percent from 2012.
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