Buyers move in as no further tightening measures announced

Home prices in a majority of major cities increased for the sixth consecutive month in November amid rising market expectations.

The China Index Academy, a property research body, reported on Monday the average price of new homes in 100 monitored cities increased 0.26 percent monthly in November to 8,791 yuan ($1,395) per square meter. A rise of 0.17 percent was recorded in October.