Top 10 cities where home prices rose the most in March
- By Xu Lin
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E-mail China.org.cn, April 12, 2013
March saw house prices in China's major cities rise for the tenth consecutive month, with Zhanjiang in Guangdong Province leading last month's gainers with a 3.66 percent rise.
According to China Index Academy, a Beijing-based real estate research institute, the average price of new homes in 100 major Chinese cities was 9,998 yuan (US$1,612) per square meter during March, up 1.06 percent from the previous month. Their median price reached 6,892 yuan (US$1,111) per square meter, a rise of 1.92 percent.
Among the 100 cities, a total of 84 cities saw monthly house price hikes, while an additional 16 cities experienced a price drop.
So let's get the lowdown on the top 10 Chinese cities where home prices rose the most in March.
Yantai, Shandong Province（山东烟台）
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Yantai, Shandong Province [shm.com.cn] |
Price increase: 2.3 percent
Average price (per square meter): 6,543 yuan (US$1,055)
Median price (per square meter): 6,000 yuan (US$967)
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