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China's home prices continue to stabilize


12-19-2016 12:19 BJT

China's red-hot property market in major cities continues to stabilize after a spate of measures were taken to contain prices.

November's numbers from the National Bureau of Statistics show spikes in new home prices were only present in 55 large and medium-sized cities, down from 62 in October. Prices in first-tier cities remained stable, with new home prices up point-one percent, and old ones unchanged month on month.

At the same time, prices growths of smaller second- and third-tier cities slowed down.

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