China’s top statistical bureau said prices of newly built residential homes in
first-tier cities rose 0.2% month-on-month in March, reversing a flat reading in
the prior month. Beijing was unchanged, while Shanghai and Guangzhou each rose
0.3% and Shenzhen gained 0.2%.
Prices of second-hand homes in first-tier cities increased 0.4% month-on-month,
also reversing a 0.1% decline previously. By city, Beijing rose 0.6%, Shanghai
0.4%, Guangzhou 0.2% and Shenzhen 0.4%.
