Property prices rising faster

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October 1, 2013

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Property prices rising faster

October 1, 2013, Tuesday |

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Chinese property prices grew at a faster rate in September than the previous month as the effect of price-control policies weakened. The average price of new homes in 100 cities rose 9.48 percent year-on-year to 10,554 yuan (US$1,700) per square meter, according to the China Index Academy.

The rise was faster than the 8.61 percent year-on-year increase in August. Beijing saw the most dramatic price increase of 3.75 percent month-on-month, with the average cost of a new home hitting 30,497 yuan per square meter.

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Property prices rising faster

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