China's Urban Property Prices Surge In January

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China's National Development and Reform Commission on Thursday announced that property prices in 70 major cities across the country were up 9.5% year-on-year in January, faster than the 7.8% increase in the previous month.

Property prices rocketed 20.6% in Shenzhen, while prices in Beijing and Guangzhou were up 10.2% and 10.6%, respectively.

On a monthly basis, nationwide property prices climbed 1.3% in January, after the 1.5% increase a month ago.

China's National Development and Reform Commission on Thursday announced that property prices in 70 major cities across the country were up 9.5% year-on-year in January, faster than the 7.8% increase in the previous month. (Market News Provided by RTTNews)