China's new home prices up in most cities despite govt curbs

Shanghai

CHINA home prices rose in most cities in six months even as the government prolonged its campaign to curb property speculation.

Prices of new homes in December, excluding government-subsidised housing, rose in 57 of 70 cities tracked by the government, compared with 50 in November, the National Bureau of Statistics said on Thursday. Prices fell in seven cities from the previous month and were unchanged in six.