Property prices rise at stable pace in Dec

Property prices in China's major cities continued to climb in December, although the pace of growth stabilized.

The average price per square meter in 100 major cities rose 0.7 percent month-on-month to 10,833 yuan ($1,770), the 19th consecutive increase since June 2012, according to the China Index Academy, a Beijing-based real estate research institute.

The month-on-month rise was 0.68 percent in November, the academy said.