In month-on-month terms, prices rose 0.4 percent
in December, slowing from November's rise of 0.5 percent.
The National Bureau of Statistics said new home prices in
Beijing rose 16 percent in December from a year earlier,
compared with November's year-on-year increase of 16.3 percent.
Shanghai prices were up 18.2 percent in December from a year
ago, versus 18.2 percent annual growth in November.
China's home prices have continued to rack up records in past
months despite government measures to cool the market, in large
part due to a strong view that property remains one of the best
investment options and also to local government land sales for
Reuters started its weighted China home price index in January
2011 when the NBS stopped providing nationwide data, only giving
home price changes in each of 70 major cities.
(Reporting by Xiaoyi Shao and
Jonathan Standing; editing by Shri Navaratnam)
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