Sanya among top 10 Chinese cities with highest property prices in Dec 2010
China's residential property prices keep increasing amid the government's strict policies in the booming real-estate market. The average sales prices of 100 major Chinese cities slightly increased 0.9% in December from November, according to research data from China Index Academy.
Among the 100 cities, 82 recorded month-on-month increase in residential property prices in December, and ten major cities booked a month-on-month rise of 0.75%.
Last month, the average property sales prices of the 100 major Chinese cities were RMB 8,564 per square meters, and that of ten cities out of the 100 cities was RMB 15,523 per sq m, 27.72% more than that in the same period of 2009, and the property price in Chengdu of Sichuan Province showed the fastest increase of 2.32%.
The top ten major cities with the highest property prices are Shenzhen of Guangdong Province, Shanghai, Beijing, Hangzhou of Zhejiang Province, Sanya of Hainan Province, Wenzhou of Zhejiang Province, Guangzhou of Guangdong Province, Ningbo of Zhejiang Province, Fuzhou of Fujian Province and Nanjing of Jiangsu Province.
In November, property prices in 70 major Chinese cities rose 7.7% year on year and 0.3% month on month. Commercial residential property sales area in 70 cities surged 14.5% year on year, while sales revenue increased 18.6% year on year.