Agence France-PresseMarch 31, 2013 23:45
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.
In February, home prices rose 2.48 percent.
On a monthly basis, prices rose 1.06 percent in March from February, continuing a run of increases for the 10th month, the organisation said in a statement.