Prices in Hangzhou rose the most, by 47.1 per cent, followed by 37.9 per cent in Chongqing and 37.1 per cent in Beijing, according to the China Real Estate Index System (CREIS), run by Soufun, China's biggest online real estate firm.
In contrast, data from the National Bureau of Statistics showed home prices rose just 2.4 per cent in Hangzhou, 7.9 per cent in Chongqing and 9.1 per cent in Beijing in the year to November. It has not published December data.
Thursday, January 6, 2011
Disjoint Between Official and Private China Housing Statistics
Private, official data not on the same page