Thursday May 15, 04:43 AM
China April property prices in 70 cities up 10.1 pct - state planner
BEIJING (XFN-ASIA) - Property prices in 70 major Chinese cities rose 10.1 pct year-on-year in April, compared with 10.7 pct growth in March, the state planning agency National Development and Reform Commission (NDRC) said.
In a statement
published on its website, the commission said the prices of new residential properties rose 10.8 pct year-on-year, down 0.6 percentage point from March's growth rate.
Among the cities where property price growth exceeded 15 pct year-on-year last month were Urumqi (22 pct), Haikou (19.2 pct), Ningbo (17.8 pct), Bangbu (16.3 pct) and Beijing (16.1 pct).
Prices of resale homes rose 10.3 pct year-on-year, 0.8 percentage point below the March growth rate.
Non-residential property prices grew 6.9 pct, down 0.1 percentage point.
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