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China's home prices continue to stabilize

Xinhua | Updated: 2017-05-18 10:35

China's home prices continue to stabilize

Prospective homebuyers at a realty expo in Shanghai check the fine-print of a marketing brochure for a modern housing estate. [Photo/China Daily]

BEIJING - China's property market in major cities continued to stabilize after authorities implemented a string of measures to contain price hikes, according to an official survey released Thursday.

Of 70 large and medium-sized cities surveyed, 30 cities witnessed a slower price rise year on year in April, up from 24 in March, said the National Bureau of Statistics (NBS).

A total of 31 cities witnessed a month-on-month price decline or a slower price uptick in April, said the NBS.

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