BEIJING, April 2 (Xinhua) -- Average new home prices in 100 Chinese cities climbed 0.14 percent month on month to 15,195 yuan per square meters in March, data from the China Index Academy, a property research institution, showed on Wednesday.
On a year-on-year basis, average new home prices in 100 Chinese cities rose 2.95 percent, which was 0.1 percentage points lower than the growth of the previous month.
Chinese top 10 cities including Beijing and Shanghai saw a month-on-month increase of 0.26 percent in average new home prices.
According to the China Index Academy, local governments need further fine-tune their real estate market policies under the principle of "housing is for living in, not for speculation" in a bid to better support the sound development of the property market.
The China Index Academy predicted that the country’s home prices will remain stable in the future. (Edited by Yang Yifan with Xinhua Silk Road, email@example.com)