Effects of down payment easing, lower transaction costs show in February realty data

Home prices in 100 of the biggest cities in China climbed 0.6 percent month-on-month on average in January, signaling a recovery in demand, according to the findings of a survey released on Tuesday by the China Real Estate Index System.

Average price of a new property was recorded at 11,092 yuan ($1,690) per square meter, up 5.25 percent year-on-year, with 61 cities recording month-on-month growth in prices.