China March Home Price Gains Slow Shanghai, Beijing on Curbs
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China’s new home price growth slowed in Beijing and Shanghai in March as the government intensified property curbs, sending the property stock index to one-month high.
New home prices in the capital of Beijing rose 4.9 percent in March from a year earlier, easing from a 6.8 percent gain in February, the statistics bureau said on its website today. In Shanghai, the country’s financial hub, prices climbed 1.7 percent last month, down from 2.3 percent growth in February. Of the 70 cities monitored by the government, 67 cities posted gains, down from 68 in the first two months, the data showed.