Statistics

China's housing prices up 9.5% in Jan

By Zhao Tingting (chinadaily.com.cn)
Updated: 2010-02-11 10:26
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Housing prices rose 9.5 percent in January from a year earlier in China's 70 large and medium-sized cities, said the National Bureau of Statistics on Thursday. That was 1.7 percentage points higher than December's housing price rise, or the highest increase in 21 months.

Housing prices increased 1.3 percent from December in these cities. That was 0.2 percentage points lower than December's month-on-month rise.

Notably, housing prices in Hainan skyroketed in January, driven up by the plan to turn the tropical southern island in China into an international tourist resort by 2020. Sanya and Haikou, two major cities on the island, led the national increase in housing prices.

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Prices of new houses in January rose 11.3 percent from the same month last year, and were up 1.7 percent from December 2009.

In January, prices of second-hand houses in the 70 main cities rose 8.0 percent from the previous year, and 0.9 percent from the previous month.
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