Property price growth slows again
3 November 2006
Property prices in 70 large and mid-size cities in China rose 5.3% in September, 0.2 percentage points slower than in August, marking the third month in a row that price growth has fallen, the Wall Street Journal reported. Shenzhen recorded the fastest price rises, according to statistics released by the National Development and Reform Commission, posting an 11.9% year-on-year increase in September, down from 12.9% in August. Prices in Beijing were up 9.5% following a 9.9% rise in August. Only Shanghai posted a year-on-year decrease with prices slipping 0.7% in September after a 0.9% fall the previous month.
