China Home Prices Mark Worst Performance as Only Two Cities Posting Gains

China December Home Prices Posted Worst Performance in 2011

Jan. 18 (Bloomberg) — China’s December home prices posted their worst performance last year, with only two of the 70 cities tracked posting gains, as the government reiterated its plans to maintain housing curbs.

Prices in 52 of 70 cities monitored by the government declined from the previous month, the National Statistics Bureau said in a statement on its website today. New home prices in the nation’s four major cities of Shanghai, Beijing, Shenzhen and Guangzhou declined for a third month, it said.

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