China's national property climate index, which reflects overall conditions in the sector, rose to 101.08, up 1.00 point from August, the National Bureau of Statistics (NBS) said in Beijing Thursday.
[Source: Website of the National Bureau of Statistics]
It was the sixth consecutive month that the index has seen month-on-month growth, suggesting a rebound in the sector. The index had been falling from its peak of 106.59 since November 2007.
A reading of above 100 is positive while a figure below that level indicates weak conditions.
Real estate investment nationwide rose by 17.7 percent in the past three quarters from the same period last year. The growth rate was 3 percentage points higher than the January-August level, according to the NBS.
Commercial house sales rose 44.8 percent year-on-year in the past three quarters, 1.9 percentage points higher than the January-August level.
Home prices in 70 large and medium-sized Chinese cities rose 2.8 percent in September from the same period last year.