Friday, March 18, 2011

China Feb new home prices in Beijing unchanged on year

BEIJING: New home prices rose 6.8 percent in Beijing in February from a year earlier, flat from an annual increase of 6.8% in January, the National Bureau of Statistics said on Friday.

In Shanghai, the prices were up 2.3% in February compared with a rise of 1.5% in January.

Chinese new home prices rose 5.7% nationwide in February from a year earlier, down from a 5.9% increase in January, according to a weighted average calculated by Reuters.

In month-on-month terms, new home prices rose 0.4% in Beijing and 0.9% in Shanghai, the NBS said.

It added that new commercial home prices rose in 68 of the 70 cities tracked by the agency in February from a year earlier.

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