China's home prices remain stable in November

Dec 15, 2020 06:40:42 AM 

China's housing market remained stable in November, with slower month-on-month growth in home prices in major cities, official data showed Monday.

New home prices in four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- rose 0.2 percent month on month in November, 0.1 percentage points slower from the previous month, according to data from the National Bureau of Statistics.

On a month-on-month basis, new home prices in 31 second-tier cities and 35 third-tier ones both edged up 0.1 percent. 

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