China home prices pick up in March: survey | Bangkok Post: news

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China home prices pick up in March: survey

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Chinese home prices picked up in March as buyers rushed to beat new government policies aimed at cracking down on speculation, an independent survey showed Monday. 

People walk past a new property development designed like a German village in Beijing, on March 22, 2013. Chinese home prices picked up in March as buyers rushed to beat new government policies aimed at cracking down on speculation, an independent survey showed Monday.

The cost of a new home in 100 major cities was up 3.9 percent year-on-year to an average 9,998 yuan ($1,587) per square metre, the China Index Academy said, the fourth consecutive monthly rise.

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