Official statistics showed that the average price of newly-built commercial residential houses in 70 large- and medium-sized Chinese cities gained 6.1 percent year on year last month, 0.2 percentage points lower than that of last December.

According to survey figures from the National Development and Reform Commission (NDRC) and National Bureau of Statistics, the price of newly-built commercial residential houses in Beijing kept growing by 9.9 percent year on year last month, ranking the second highest after Shenzhen's 10.2 percent among the 70 cities.

The price hike came amid the Chinese government's consecutive measures to cool off the country's sizzling real estate market.

Other cities that reported high growth in newly-built house price included Fuzhou, where prices rose by 9.4 percent, Guangzhou by 8.9 percent and Qinhuangdao by 8.4 percent.

The price of newly-built houses in Shanghai, however, has maintained decline in the period, down 0.1 percent year on year.

Price of second-hand residential houses in the 70 cities rose by 5.3 percent year on year, 1.1 percentage points higher than the previous month. Price of commercial houses grew by 4.5 percent, up 0.1 percent from the previous month.

The average sales price of newly-built commercial residential houses, second-hand houses and non-residential commercial houses gained a rise of 5.6 percent year on year, 0.2 percentage points higher than the previous month.

Source: Xinhua