China property prices increase in Dec.
(MENAFN) China's property prices in 2013 ended on a rise despite the government's efforts to stabilize the sector, but it is forecasted that prices will increase at a slower pace in 2014, Xinhua reported
The National Bureau of Statistics (NBS) announced that 65 cities out of a pool of 70 cities registered month-on-month price increases in new home prices in December, while 64 cities logged price increases in existing and second-hand homes
Prices went up 0.1 percentage points in Beijing, Shanghai and Guangzhou last month, while increasing 0.4 percentage points in Shenzen
Head of the economic research center at Hainan's China Institute for Reform and Development said: "Property controls will extend the stance last year, but with more focus on region-specific approaches.
The National Bureau of Statistics (NBS) announced that 65 cities out of a pool of 70 cities registered month-on-month price increases in new home prices in December, while 64 cities logged price increases in existing and second-hand homes
Prices went up 0.1 percentage points in Beijing, Shanghai and Guangzhou last month, while increasing 0.4 percentage points in Shenzen
Head of the economic research center at Hainan's China Institute for Reform and Development said: "Property controls will extend the stance last year, but with more focus on region-specific approaches.
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