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More Chinese cities see home prices rebound

Saturday - Aug 18, 2012, 01:02pm (GMT+5.5)

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Beijing - More Chinese cities saw home prices rise in July as compared to June as signs of warming have emerged in China's property market.

In July, 50 cities, drastically up from 25 in June, out of a statistical pool of 70 major cities, recorded higher new home prices than a month earlier, the National Bureau of Statistics (NBS) said Saturday.

Compared to June, nine cities saw decline in new home prices last month, down from 21 in June, while prices in 11 cities remained unchanged, reported Xinhua citing the NBS data.

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