Property prices rise 10%

China's urban property prices rose 10.1 percent in April from a year earlier, slightly lower than in March, the National Development and Reform Commission and the National Bureau of Statistics (NBS) said yesterday.

The average property prices in 70 large- and medium-sized cities dipped by 0.6 percentage point in April from a month earlier. Last year, property prices rose 7.6 percent year-on-year.

Prices of ordinary new buildings rose 11.4 percent year-on-year while those of middle and high-end properties rose 12.7 percent, according to the statement.