China’s property market continued to improve in January. The bureau of statistics said home prices rose in 38 of 70 China’s major cities, with Shenzhen leading the charge.
Home prices for both pre-owned and new properties in Shenzhen jumped about 50 percent year on year.
China’s first-tier cities saw prices climb an average 20 percent year on year. The increase was much higher than in China’s second-tier cities.
On the downside, 45 cities, mostly third-tier cities, reported price drops in January.
