China's New Housing Prices Climb 6.6%

The price of new houses in China in 70 major cities rose on average 6.6% in October over last year.

Beijing houses saw the greatest increase in costs, up 10.7% in one month!

Xiamen - 10.5%, Shenzhen - 9.9%, Fuzhou - 9.6%, Shenyang - 9% and Guangzhou - 8.8% followed.

Shanghai saw the price of new houses DROP by 0.6%.  http://www.panasianbiz.com/2006/11/chinas_new_housing_prices_clim.html