China property prices rise 9.9% China's property prices are up 9.9 per cent from a year ago, the fastest pace of gains in 2013. New homes cost 9.9 per cent more in November then they did a year earlier. This followed a 9.6 per cent annual gain in October, data compiled by Reuters and taken from China's National Bureau of Statistics showed early on Wednesday. The survey of prices in 70 cities showed prices were up in 69 cities from a year ago, with monthly gains in 66 of the cities. This comes despite efforts from Beijing to cool the property market. The government is caught in a bind as it also tries to encourage economic growth and bank lending, which keeps the real estate market hot. China's biggest cities continue to exhibit the largest gains. In Shanghai and Beijing, home prices were up 18.2 and 16.3 per cent respectively, year on year. That followed gains of 17.8 and 16.8 per cent a month before.