By WANG YING in Shanghai (China Daily)

Source: http://europe.chinadaily.com.cn/business/2013-09/03/content_16938984.htm

Pilot property tax may expand to cool market

New home prices in 100 major cities averaged 10,442 yuan ($1,706) per square meter in August, rising for 15 consecutive months in month-on-month terms, and indicating the recovery of the property sector, a survey has shown.

Of the 100 cities tracked by the China Index Academy, the research arm of Soufun, China’s largest property website, 71 cities posted month-on-month increases, with 31 of them seeing prices rising at a pace above 1 percent, two cities fewer than in July.