A residential area in Beijing on 23 February 2021. Photo: EPA-EFE
A residential area in Beijing on 23 February 2021. Photo: EPA-EFE

China’s February home prices record their fastest monthly growth pace as supply shortage stir buyers’ fear of missing out

  • New home prices in 70 major cities rose 0.36 per cent last month from January, when they gained 0.28 per cent, according to the National Bureau of Statistics
  • Values in the secondary market, which faces less government intervention, climbed 0.34 per cent, almost the same pace as January

A residential area in Beijing on 23 February 2021. Photo: EPA-EFE
A residential area in Beijing on 23 February 2021. Photo: EPA-EFE
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