2020.01.1605:33:00UTC+00China's House Prices Increase At Slower Pace In December

China's house prices increased at a slower pace in December, data from the National Bureau of Statistics showed on Thursday.

House prices in the first-tier cities, namely Beijing, Shenzhen, Shanghai and Guangzhou grew 0.2 percent versus 0.6 percent in November.

Prices in tier-2 cities gained 0.3 percent and in tier-3 cities, newly built house prices advanced 0.6 percent, data showed.

Among 70 cities surveyed by NBS, house prices increased in 50 cities in December from last month. On a yearly basis, house prices advanced in 68 cities.

Kong Peng, chief statistician with the NBS said the real estate market remains generally stable.