Mon, March 19, 2012
Business > Industries

New home prices stop growing in most of 70 major cities

2012-03-19 06:37:55 GMT2012-03-19 14:37:55(Beijing Time)  Xinhua English

People consult at the sales office of a real estate project in Hangzhou, capital of east China's Zhejiang Province, March 18, 2012.(Xinhua/Huang Zongzhi)

A worker is seen at the construction site of a real estate project in Jiujiang, east China's Jiangxi Province, March 18, 2012.(Xinhua/Hu Guolin)

People consult at the sales office of a real estate project in Linyi, east China's Shandong Province, March 18, 2012. (Xinhua/Zhang Chunlei)

Photo taken on March 1, 2012 shows a real estate project under construction in Hangzhou, capital of east China's Zhejiang Province.(Xinhua/Huang Zongzhi)

New home prices ceased growing in most of 70 major Chinese cities in February, the National Bureau of Statistics (NBS) said Sunday.

In February, 45 cities out of the statistical pool of 70 major cities saw drops in new home prices from January, while new home prices in 21 cities remained unchanged, the NBS said in a statement on its website.

 Only four cities saw gains in new home prices over the Jan.-Feb. period, the NBS noted

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