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China's home prices generally stable in March

April 15, 2022


Abstract : China continued to see a generally stable housing market in March, with the month-on-month growth of home prices in first-tier cities declining, official data showed Friday.

Aerial photo taken on Feb. 24, 2020 shows the Haizhu wetland and the Canton Tower in the distance in Guangzhou, south China's Guangdong Province. (Photo by Xie Huiqiang/Xinhu

BEIJING, April 15 (Xinhua) -- China continued to see a generally stable housing market in March, with the month-on-month growth of home prices in first-tier cities declining, official data showed Friday.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.3 percent month on month in March, according to the National Bureau of Statistics.

New home prices in second-tier cities remained flat compared with that in February, while those in third-tier cities witnessed a month-on-month decrease of 0.2 percent last month.

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Keyword: China's home prices

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