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Urban housing prices up 9.2% in Q2, rents up 2.2%

(Xinhua)
Updated: 2008-07-21 16:04

Second-quarter housing prices in 70 large and medium-sized Chinese cities rose 9.2 percent year-on-year, said the National Development and Reform Commission and the National Bureau of Statistics on Monday.

Related readings:  China must avoid a housing slump  Property prices in Chinese cities slow down a bit

The rise was 1.8 percentage points less than in the first quarter.

Rentals rose 2.2 percent, or 0.1 percentage point more than in the first quarter.

Land transaction costs climbed 10.8 percent, or 5.7 percentage points less than in the first quarter.