The year-on-year growth of mainland property prices slowed from 5 per cent in the second quarter to 4.1 per cent in third quarter of this year. The National Development and Reform Commission and the National Bureau of Statistics of China surveyed 35 key cities on the mainland and found that housing prices rose 5.9 per cent while commercial and industrial properties' prices rose 3.4 per cent. Shanghai and Qingdao experienced the largest surge in real-estate prices. General property prices in Shanghai surged 21.5 per cent in the third quarter, up from 17.1 per cent in the second, but rental prices increased only 2.3 per cent in the third quarter. Despite a 0.6 per cent drop in Qingdao's rentals, the city's real-estate prices jumped 15.9 per cent in the third quarter. Guangzhou, Kunming and Urumqi reported a drop in prices despite an upswing in the market. Property prices in Guangzhou dropped 0.8 per cent compared to the third quarter of last year, while prices in Kunming fell 1.3 per cent. Land prices across the country rose 8.8 per cent in the third quarter. Prices jumped 42 per cent in Hangzhou, 30.8 per cent in Taiyuan and 14 per cent in Shenyang. Overall rental prices on the mainland increased 1.8 per cent while rental prices for residential property increased 9.2 per cent. Office rental prices fell 0.9 per cent in the third quarter.