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China’s home prices continue to stabilize on tough curbs

Updated: Jul 18,2017 10:39 AM     Xinhua

BEIJING — China’s once red-hot property market continued to show signs of cooling as home prices were faltering or posting slower growth in major cities amid the government’s tough purchase curbs, data showed on July 17.

On a yearly basis, new home prices continued to climb in the 70 cities surveyed in June, but the pace of growth slowed in 15 major cities compared with the previous month, the National Bureau of Statistics (NBS) said.

On a month-on-month basis, new home prices fell or remained flat in nine cities, according to the NBS data.