Home prices see milder increases in China

China continued to see a generally stable housing market in February, with home prices in 70 major cities showing milder month-on-month increases, official data showed Monday.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- stayed unchanged month-on-month in February, compared with a 0.4-percent growth registered in January, according to the data.

The country's second-tier cities saw a month-on-month increase of 0.1 percent in new home prices, down 0.1 percentage point from the previous month, while third-tier cities also witnessed a mild month-on-month rise of 0.1 percent in new home prices, compared with a 0.4-percent increase reported in January.