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China's home prices remain stable in January

(Xinhua)    10:06, February 17, 2020

BEIJING, Feb. 17 (Xinhua) -- Home prices in 70 major Chinese cities remained generally stable in January, official data showed Monday.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.4 percent month on month in January, 0.2 percentage points faster than the previous month, the data from National Bureau of Statistics showed.

In 31 second-tier cities, new home prices rose 0.2 percent in January from December, 0.1 percentage points lower than the previous month.

New home prices rose 0.4 percent in 35 third-tier cities in January from last month and the growth pace was 0.2 percentage points lower than the previous month.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Zhao Tong, Bianji)

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