In September this year, the average prices of new homes in China's 100 major cities were 16,926 yuan/square meter ($2,384/sq.m.), up 0.09 percent month-on-month, while increasing 2.68 percent year-on-year, as announced by the CIA, the largest independent real estate research organization in China.
Meanwhile, in September, average prices for second-hand housing in China's 100 major cities were 13,381 yuan/square meter ($1,885/sq.m.), down 0.74 percent month-on-month, 0.02 percentage points slower than the decline recorded in August this year, and by 7.38 percent year-on-year, which is 0.04 percentage points faster than the year-on-year decline recorded in the previous month
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