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HOUSING PRICES IN MAJOR CHINESE CITIES CLIMB 10.2 PCT IN Q4.
BEIJING, Feb 1 Asia Pulse - Housing prices continued to soar in China's major cities in the fourth quarter, official figures released on Thursday show.
The average housing price in China's 70 large-and medium-sized cities climbed 10.2 per cent in the fourth quarter from the same period of 2006, two percentage points higher than in the third quarter, the National Development and Reform Commission (NDRC), China's top economic planner, said in a statement.
Experts said the figures are not surprising as the growth rates in November and December had both reached 10.5 per cent year on year, the largest monthly gain since July 2005.
Houses have been getting more ...
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