March saw housing prices across China’s major cities go up for the tenth consecutive month. Shanghai is the most expensive city to live, with its average property price of 28,147 yuan per square meter, 0.45 percent higher than that in February.
 
According to China Index Academy, a Beijing-based real estate research institute, the average price of new homes in 100 major Chinese cities was 9,998 yuan (US$1,612.45) per square meter during March, up 1.06 percent from the previous month. Their median price reached 6,892 yuan (US$1,111.52) per square meter, a rise of 1.92 percent.
 
Among the 100 cities, a total of 84 cities saw monthly increases in home prices, whereas the other 16 experienced a drop in prices.
 
The following are the ten Chinese cities with highest housing prices in March of 2013.
 
10. Ningbo, Zhejiang Province（浙江宁波）
 
 
Price increase: 1.1 percent
Average price (per square meter): 12,981 yuan (US$2,094)
Median price (per square meter): 12,160 yuan (US$1,962)
 
9. Fuzhou, Fujian Province（福建福州）
 
 
Price increase: 0.38 percent
Average price (per square meter): 14,090 yuan (US$2,273)
Median price (per square meter): 15,000 yuan (US$2,420)

8. Xiamen, Fujian Province（福建厦门）
 
 
Price increase: 3.33 percent
Average price (per square meter): 15,153 yuan (US$2,444)
Median price (per square meter): 14,000 yuan (US$2,258)
 
7. Guangzhou, Guangdong Province（广东广州）
 
 
Price increase: 2.11 percent
Average price (per square meter): 15,309 yuan (US$2,470)
Median price (per square meter): 13,860 yuan (US$2,237)
 
6. Wenzhou, Zhejiang Province（浙江温州）
 

Price increase: -3.65 percent
Average price (per square meter): 15,762 yuan (US$2,543)
Median price (per square meter): 13,300 yuan (US$2,146)
 
5. Hangzhou, Zhejiang Province（浙江杭州）
 
 
Price increase: 0.02 percent
Average price (per square meter): 16,603 yuan (US$2,679)
Median price (per square meter): 15,000 yuan (US$2,420)

4. Sanya, Hainan Province（海南三亚）
 

Price increase: -2.65 percent
Average price (per square meter): 23,033 yuan (US$3,717)
Median price (per square meter): 21,800 yuan (US$3,518)

3. Beijing（北京）
 
 
Price increase: 2.85 percent
Average price (per square meter): 26,011 yuan (US$4,196)
Median price (per square meter): 22,000 yuan (US$3,549)

2.  Shenzhen, Guangdong Province（广东深圳）
 
 
Price increase: 2.03 percent
Average price (per square meter): 26,221 yuan (US$4,231)
Median price (per square meter): 23,000 yuan (US$3,711)
 
1. Shanghai（上海）
 
 
Price increase: 0.45 percent
Average price (per square meter): 28,147 yuan (US$4,542)
Median price (per square meter): 23,000 yuan (US$3,711)
 
SOURCE: china.org.cn
 
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