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Housing index sees faster rise
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SHANGHAI’S existing housing index rose at a slightly faster pace in March as more than 70 percent of areas tracked posted a price increase from a month earlier.
The index, which monitors price changes of pre-owned homes across the city, rose 8 points, or 0.25 percent, to 2,951 points last month, extending gains for the 22nd straight month, the Shanghai Existing House Index Office said yesterday.
The index added 0.06 percent in February, and 0.26 percent in January.
Citywide, the prices of pre-owned homes rose in 96 of the 130 areas checked by the office, and 17 saw a fall. Prices were flat in the remaining 17 areas, the office said.
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