House prices remain on even keel

As Chinese mainland cities maintain their tightening measures on the housing market, home prices in first-tier cities saw little change in June, and the growth momentum in other major cities and third-tier cities has also been checked, the National Bureau of Statistics (NBS) said.

Compared to last year, the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen reported no change in new home prices in June, and the prices of preowned homes in the four cities rose 0.1 percent, according to NBS figures published on Tuesday.

Compared to the previous month, new home prices in the four cities increased 0.6 percent, up 0.3 percentage points from May; specifically, Beijing and Shanghai's new home prices remained flat, while Guangzhou and Shenzhen rose 1.9 percent and 0.3 percent, respectively. Their used home prices stayed unchanged from May.