China’s home prices recorded their first year-on-year increase in nine months in December, an independent survey showed on Friday, but it said a huge rebound nationally was unlikely.
The cost of a new home in 100 major cities averaged 9,715 yuan (US$1,560) per square metre last month, up a marginal 0.03 per cent from December last year, the China Index Academy (CIA) said.
Prices rose 0.23 per cent from November, the seventh consecutive monthly rise, it said in a statement.
via Business feed http://www.scmp.com/business/china-business/article/1119743/china-house-prices-rise-december
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