People should remain rational about state of real estate market

ACCORDING TO OFFICIAL DATA, the price of newly constructed houses in first-tier cities rose by 0.3 percent on average in February and the price of secondhand houses by 0.1 percent on average, which indicates that the realty market is in a stable condition. Thepaper.cn comments:

A comparison of data will help to understand the situation more clearly. The average price rise for newly constructed houses in first-tier cities was 0.1 percentage points lower than that of January, while that for secondhand houses remained the same.

The price of new houses in second-tier cities rose by 0.7 percentage points on average, the same rate as in the past three months.