China's housing prices up 7.8% in December 2009

The property price increase stood at 5.7 percent in November year-on-year.

Prices of new houses in December rose 9.1 percent from the same month last year, and were up 1.9 percent from November.

In December, prices of second-hand houses in the 70 main cities rose 6.8 percent from the previous year, and 1.0 percent from the previous month.