34 cities report increase in home sales revenue

China Index Academy, the realty information service provider, said on Monday that 34 of the 40 cities it monitored in China, have experienced a year-on-year increase in sales revenue for new homes between July 2 and July 8.

As many as 12 cities reported more than 100 percent year-on-year increase in sales revenues, with Suzhou, East China's Jiangsu province reporting 366.6 percent year-on-year increase, the CIA weekly property market report said.

In terms of space of traded homes, 38 cities reported year-on-year increases, with Suzhou reporting 177.18 percent year-on-year increase, with Southwest China's Chongqing, East China's Suzhou and Shanghai the top three performing.

Strengthened controls over housing prices has helped curb price increases, the CIA report said.

However, housing prices may not remain stable in the long run if government does not release further policies to curb speculations in realty market, the report added.

wuyiyao@chinadaily.com.cn

Li Xiuhui contributed to the story.