The National Bureau of Statistics in China has recently released information about the prices in March for residential buildings, based on its regular survey across 70 medium and large-sized cities.
The data shows that in the major cities prices surged as much as 60% during the first 3 months of this year. In sharp contrast, prices in the so-called lower-tier cities continue to fall. Year on year prices for newly constructed residential buildings in China decreased in 29 cities, went up in 40 cities and remained unchanged in 1 city.