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China's housing market continues to pick up

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IANS Beijing
Last Updated : Sep 18 2015 | 10:02 AM IST

China's housing market continued to pick up in August, with new home prices in an increasing number of surveyed cities registering month-on-month rises.

Of 70 large and medium-sized cities surveyed in August, new home prices climbed month-on-month in 35, up from the 31 in the previous month, while 26 reporting month-on-month price declines, down from July's 29, according to data released on Friday by the National Bureau of Statistics, Xinhua news agency reported.

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First Published: Sep 18 2015 | 9:52 AM IST

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