In December last year, average new house prices in 100 major cities in China amounted to RMB 16,654/square meter ($2,316/sq.m.), up 0.37 percent month on month, while up 2.68 percent year on year, as announced by CIA, the largest independent property research organization in China.
Meanwhile, in December, the average second-hand house prices in the 100 major Chinese cities amounted to RMB 14,203/square meter ($1,975/sq.m.), down 0.53 percent month on month, 0.04 percentage points slower than the decline recorded in November, while down 7.26 percent year on year, 0.03 percentage points slower than the year-on-year decline recorded in the previous month.
On December 31, China issued more stimulus policies to boost the real estate industry, aiming to stabilize the development of the industry in 2025.