House prices steady in key cities

New home prices in most cities across China were lower on a year-on-year basis last month, and home prices in key cities are stable, according to National Bureau of Statistics, which released monthly housing market data on Monday.

Liu Jianwei, a senior statistician at the NBS, said that new home prices in most of 70 monitored cities in November were lower than in 2016. Second and third-tier cities witnessed slight growth in new home prices. New home prices in first-tier cities and in third-tier cities slowed in November.

"City-specific measures are taking effects continuously," said Liu.