New home prices in major cities rise
New home prices in major Chinese cities rose month-onmonth in June for the second straight month, a private survey showed.
The average price in 100 cities rose 0.56 percent month-onmonth to 10,628 yuan ($1,715) per square meter, according to the China Index Academy, an independent resear chinstitute focusing on the housing industry.
Home prices in Shenzhen, Guangdong province, have risen to record levels, helped by limited supplies and further relaxations in purchase policies. Shenzhen led all cities in terms of housing price increases during the past six months, with new residential property prices surging by 6.58 percent in June from a month earlier.