In June this year, the average price of new residential housing in 100 major cities in China increased by 0.37 percent month on month to RMB 14,891 ($2,170.7) per square meter, as announced by the China Index Academy, a Beijing-based real estate research institute. The month-on-month increase in average prices was 0.13 percentage points higher than the month-on-month increase rate recorded in May this year.
In the first half of the current year, the growth of average prices of new residential housing reached 0.29 percent in first-tier cities, 2.3 percent in second-tier cities, and 2.28 percent in both third-tier and fourth-tier cities.