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Four Chinese cities alerted over marked housing price rises

2019-05-18 20:51

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BEIJING, May 18 (Xinhua) -- China's housing regulator has alerted four Chinese cities over marked housing price rises in the past three months.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministry of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.

The ministry reiterated that "houses are for living in, not for speculation," and called on the four cities to enhance market monitoring and analysis and address rising problems in a timely manner.

Six cities were also alerted on April 19 over similar reasons.

New home prices climbed 0.8 percent month on month in April in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

Resold home prices in 31 second-tier cities went up 0.6 percent, official data showed.
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