House prices cool, four top-tier cities outperform

Pedestrians cross a road in front of residential buildings in Beijing, China. - Bloomberg

SHANGHAI: Home prices in major Chinese cities continued to cool in September as sales declined, but industry observers remain upbeat as recent policies of financial regulators will combine with measures introduced by local governments to accelerate market recovery in the fourth quarter of the year.

Compared to a month earlier, home prices in various Chinese cities either stayed unchanged or declined in September.