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12:04, 18-Jul-2017
China's home prices continue to stabilize due to tough curbs
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China's once red-hot real estate market continued to show signs of cooling as home prices are faltering or posting slower growth in major cities amid the government's tough purchase curbs, data showed on Tuesday.
On a yearly basis, new home prices continued to climb in the 70 cities surveyed in June, but the pace of growth slowed in 15 major cities compared with the previous month, the National Bureau of Statistics (NBS) said.
On a month-on-month basis, new home prices fell or remained flat in nine cities, according to the NBS data.
(Source: Xinhua)
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