China's home prices stable on tight regulation

BEIJING, Nov. 15 (Xinhua) -- Home prices in major Chinese cities remained stable in October as local governments continued with tight property regulation, data showed Thursday.

New commercial home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- remain flat compared with a month earlier, the National Bureau of Statistics (NBS) said in a statement on its website.

New and existing home prices in 31 second-tier cities increased at a slower pace from the previous month, while prices of new homes in 35 third-tier cities saw a faster growth rate compared with those in September, the NBS data showed. Enditem