China home prices up for 11th straight month in April-survey | Waccabuc Homes

BEIJING: Average home prices in China’s 100 biggest cities rose in April from the previous month, the eleventh straight month-on-month rise, a private survey showed on Thursday, raising the risk of further tightening steps despite recent government measures to crack down on speculation.

Average home prices in April climbed 1 percent from March to 10,098 yuan ($1,600) per square metre, said China Real Estate Index System (CREIS), a consultancy tied to China’s largest online property firm, Soufun Holdings.

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