China’s Home Prices Increase for a Fourth Month, SouFun Says
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China’s new home prices rose for a fourth month as a rebound in property sales eased developers’ funding woes, according to SouFun Holdings Ltd.
Prices in September climbed 0.17 percent from August to 8,753 yuan ($1,393) 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 Kunshan in the eastern Jiangsu province had the biggest gain, with prices rising 2 percent.