China's home prices see mild increases in January

2021-02-23 12:04:46

Potential homebuyers check models of housing projects at a real estate agency in Shanghai in April. [Photo by Wang Rongjiang/For China Daily] BEIJING - China continued to see a generally stable housing market in January, with home prices in 70 major cities showing mild month-on-month increases, official data showed Tuesday. New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.6 percent month-on-month in January, compared with a 0.3-percent increase registered in December, according to data from the National Bureau of Statistics. A total of 31 second-tier cities saw a month-on-month increase of 0.4 percent in new home prices, while 35 third-tier cities witnessed a month-on-month rise of 0.2 percent in new home prices last month.