China property prices stage mild rebound in September

BEIJING: Chinese property prices were up 0.5% in September from a month earlier, the first month-on-month rise since May, according to an official survey of 70 cities published on Friday, Oct 15.

Prices were up 9.1% in September from a year earlier, according to China Information News, a paper run by the National Bureau of Statistics. The year-on-year increase marked a deceleration from the 9.3% rise in August.

Real estate investment also sped up in September, rising 35.0% from a year earlier, up from 34.1% in the year to August, the paper said.

Beijing took fresh steps on Sept 29 to reinforce its curbs on property speculation, in response to signs of a rebound in housing transactions and prices. — Reuters
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