Prices of new homes in 68 out of 70 tracked cities rose in January from a year earlier, according to the National Bureau of Statistics (NBS).
Despite the rise, analysts predict the market is likely to slow down.
Ten out of the 70 surveyed cities saw prices rise by more than 10%. The momentum for rising prices in big cities such as Beijing and Shanghai slowed while prices continued to rise in smaller and inland cities.
According to the NBS, prices for new properties in Beijing increased by 6.8% in January from a year ago, and by 1.5% in Shanghai.
The highest growth was shown in the resort city of Sanya on Hainan island where prices rose 19% year-on-year.
The English People’s Daily Online reports that the government has launched a series of measures to crack down on property speculation to slow the rise in prices.
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