Sun, December 18, 2011
Business > Economy

More Chinese cities see housing price decline in Nov.: NBS

2011-12-18 03:11:52 GMT2011-12-18 11:11:52(Beijing Time)  Xinhua English

BEIJING, Dec. 18 (Xinhua) -- More Chinese cities posted monthly home price declines in November after the government took a slew of measures to curb runaway property prices.

In November, 49 cities out of a statistical pool of 70 major cities saw drops in new home prices from October, compared with 34 cities in October, the National Bureau of Statistics said on Sunday.

New home prices in 16 cities stayed flat last month from October, and the growth rates of home prices in the other five cities were all below 0.2 percent, according to an NBS statement on its website.

On a year-on-year basis, four cities out of the 70 saw price declines in November, compared with two in October. Gains of new home prices eased in 61 cities, the statement said.

Prices of existing homes fell in 51 cities in November, an increase of 13 cities from October, while those in 12 cities stayed flat, according to the statement.

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