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China's housing prices rise 2.8% in September

(Xinhua)
Updated: 2009-10-15 10:55

BEIJING: Housing prices in 70 of China's large and medium-sized cities rose 2.8 percent in September compared with the same month last year, according to the National Bureau of Statistics.

Related readings:  Total value of housing in China may exceed 90 trillion yuan  Beijing housing prices keep rising in August  Beijing housing trading volume decreased by 45% in Aug  More new houses to curb rising Shanghai housing prices  Middle class feels locked out of housing market

Prices were up 0.7 percent from August, when they rose 2 percent from the same month in the previous year, the bureau announced Thursday.

Prices of new houses in September rose 2.7 percent from the same month last year, and 0.8 percent from August.

Housing prices in certain cities rose more quickly than in other cities. September prices in Guangzhou and Yinchuan rose 7.3 percent and in Kunming 6.1 percent from the same month last year.

In September, prices of second-hand homes in the 70 cities rose 3.8 percent from a year earlier, and 0.5 percent from August.