Most Chinese cities see higher home prices

New home prices rose in almost all Chinese cities in March, as transactions soared ahead of new government control measures, data from the National Bureau of Statistics (NBS) showed on Thursday.

Of a statistical pool of 70 major Chinese cities, 68 cities saw home prices increase in March from a month earlier, up from 66 in February, the NBS said in a statement on its website.

On a year-on-year basis, 67 cities registered higher prices last month, the statement said. The comparable figure in February was 62.