China’s Smaller Cities Lead Gains in February’s Home Prices
This article is for subscribers only.
China’s smaller cities led gains in home prices last month as Beijing, Shanghai and other larger metropolitan areas introduced local housing measures following new curbs from the central government.
New home prices in the central city of Yueyang surged the most among 70 cities monitored by the government, rising 12 percent from a year earlier, while the western city of Lanzhou jumped 11 percent, the statistics bureau said on its website today. Prices in the capital Beijing climbed 6.8 percent. In Shanghai, they rose 2.3 percent, lower than more than 80 percent of the cities tracked, the data showed.