China Home Prices Gain in 7th Month on Recovery: SouFun
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China’s new home prices rose for a seventh month as buyers concerned that prices will surge again boosted sales, according to SouFun Holdings Ltd.
Prices in December climbed 0.23 percent from November to 9,715 yuan ($1,559) per square meter (10.76 square feet), the country’s biggest real estate website owner said in an e-mailed statement today, based on its survey of 100 cities. The city of Harbin in the northeastern Heilongjiang province had the biggest gain, with prices jumping 3.7 percent.