Top 10 cities with highest rise in home price (September)

By Xu Lin
0 Comment(s)Print E-mail, October 31, 2013
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September saw housing prices in China's major cities increase for a 16th consecutive month, with the nation’s capital of Beijing leading last month's fastest growers with a 3.75 percent month-on-month rise.

According to the China Index Academy, a Beijing-based real estate research institute, the average price of new homes across 100 major Chinese cities was 10,554 yuan (US$1,734.42) per square meter in September, up 1.07 percent from the previous month. Their median price reached 7,128 yuan (US$1,171.37) per square meter, a rise of 1.19 percent.

Among the 100 cities, a total of 79 cities witnessed an increase in monthly housing prices, eight more than in August. The growth rates of the top 10 cities are between 2.8 to 3.8 percent.

So let's get the lowdown on the top 10 Chinese cities where home prices experienced the steepest rise in September 2013.

 Yancheng, Jiangsu Province(江苏盐城)

Yancheng, Jiangsu Province, one of the 'top 10 cities with highest rise in home price' by

Yancheng, Jiangsu Province [File photo]

Price increase: 2.85 percent

Average price (per square meter): 5,840 yuan (US$959.73)

Median price (per square meter): 5,600 yuan (US$920.28)

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