China's home prices remain stable in December

Home prices in 70 major Chinese cities remained generally stable in December, official data showed Thursday.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.2 percent month on month in December, 0.4 percentage points slower than the previous month, the National Bureau of Statistics said.

In 31 second-tier cities, new home prices rose 0.3 percent in December from November, 0.6 percentage points lower than the previous month.

New home prices rose 0.6 percent in 35 third-tier cities in December from November and the growth pace was 0.3 percentage points lower than the previous month.

(ASIA PACIFIC DAILY)