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China's housing market continues to ease in August

15 Sep 2021

© Provided by Xinhua

BEIJING, Sept. 15 (Xinhua) -- China continued to see its housing market ease in August under strengthened market regulations, according to the National Bureau of Statistics (NBS) Wednesday.

New home prices in four first-tier cities rose 0.3 percent month on month in August, representing a slower growth pace from the 0.4 percent seen in July, according to the NBS data.

A total of 31 second-tier cities witnessed a month-on-month increase of 0.2 percent in new home prices, while 35 third-tier cities saw month-on-month growth in new home prices remain unchanged at 0.2 percent.

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