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Chinese major cities see home prices grow even faster

In the first four months, the 100 major Chinese cities tracked by the E-House China R&D Institute saw home prices rise 14.5 per cent from a year earlier to 13,867 yuan per square meter, picking up from a growth of 13.1 per cent during the first quarter, according to the latest report released on Thursday.

During the first four months, the four top-tier cities - Beijing, Shanghai, Guangzhou and Shenzhen witnessed new home prices surge 19.2 per cent year-on-year, shows the report, adding that the surge is primarily due to rising . . .

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