18.04.201402:44:00UTC+00China's House Prices Rise In March

House prices increased in almost all major Chinese cities in March despite tightening controls on speculative transactions and lending, data compiled by the National Bureau of Statistics revealed Friday.

Prices increased in 69 of the 70 cities surveyed by the statistical office in March. Wenzhou was the only region to report decline, down by 3.9 percent from the prior year.

House prices in Beijing gained 10.3 percent and by 13.1 percent in Shanghai. The annual increase in Shenzhen region was 12.8 percent.

Compared to February, house prices increased in 56 cities and declined in 4. Other 10 cities showed no change in house prices.