NBS: Home prices stay stable in July

Home prices in major Chinese cities remained stable in July as the government continued stepping up property curbs, the National Bureau of Statistics said on Wednesday.

In July, Shanghai, Nanjing and Quanzhou in Fujian province saw their new home prices drop, each down 0.1 percent from a month ago, while 65 cities reported price increases, with Sanya in Hainan province continuing to take the lead, the bureau said on Wednesday.

The four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen reported a 0.2 percent month-on-month growth in new home prices in July, but 0.4 percentage points less than in June.