Measures spur housing recovery

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.