The Chinese property market continued to heat up last month, with home prices and sales accelerating from the pace recorded in the first half.

And, given declining inventory, analysts believe the momentum will persist despite concerns about possible measures to tighten liquidity.

Home prices in 70 major mainland cities climbed 1% last month compared with last year, driven by 3% growth in the secondary market, according to data from the National Development and Reform Commission.

It was the second consecutive month that home prices showed improvement on a year-on-year basis.

South China Morning Post