Most Chinese cities see increases in housing prices for January [China Business News]

China_Bus_News, 2013-03-01

Among the 70 Chinese cities surveyed, 53 saw month on month increases in housing prices for the month of January while ten showed declines, according to data recently released by the National Bureau of Statistics. Housing prices in Kaikou, Hainan province fell 0.3 percent month on month and 0.4 percent year on year, while existing home prices in Sanya increased 0.1 percent month on month. Top cities, including Beijing, Shanghai, Guangzhou and Shenzhen saw housing prices exceeding one percent for the month, while some second and third-tier cities, including Haikou, Nanning and Wuxi, showed declines in housing prices for two months in a row.

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