Property Market
Chinese home price rises 3.9% in Oct
(Xinhua)
Updated: 2009-11-10 14:20
Home prices in 70 large and medium-sized Chinese cities nationwide rose 3.9 percent in October from a year earlier, the National Bureau of Statistics (NBS) announced Tuesday.
The year-on-year price growth rate was 1.1 percentage points higher than that of September, said the NBS.
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China's national property climate index, which reflects overall conditions in this sector, increased to 102.03, up 0.95 point from September, the seventh consecutive month that the index seeing month-on-month growth, suggesting a recovery of the sector.
A reading of above 100 is positive, while a figure below that level indicates weak conditions.
