Property prices in 70 large and mid-sized Chinese cities rose 11 percent year-on-year in the first quarter, the National Development and Reform Commission (NDRC) said on Friday.
The price hike is 0.8 percentage points higher than that in the previous quarter, the NDRC said in a joint statement with the National Bureau of Statistics.
Prices of new apartments jumped 11.8 percent, down 0.4 percentage points from the same quarter last year, while prices of second-hand flats rose 11.5 percent, up 1.7 percentage points.
