In November this year, the average prices of new residential housing in 100 cities in China rose by 0.68 percent month on month to RMB 10,758 per square meter, as announced on December 1 by the China Index Academy, a Beijing-based real estate research institute. This is the 18th consecutive month-on-month rise in new residential housing prices in China. The month-on-month increase rate of average prices in November this year was 0.56 percentage points slower than the month-on-month price growth recorded in October. Of the 100 cities surveyed in November, 69 cities saw increases in residential housing prices, while 31 cities witnessed declines, both on month-on-month basis.
On year- on-year basis, in November this year average new residential housing prices in the 100 major cities rose by 10.99 percent, with a year-on-year growth 0.3 percentage points higher than in the previous month.
Furthermore, the average residential housing price in the 10 biggest cities in China in November this year was RMB 18,748 ($3,073) per square meter, up 1.16 percent month on month and increasing by 16.56 percent year on year.