China officially on bubble-watch?

China’s housing prices, which have jumped for new residential units in 69 of China’s 70 largest cities in July from a year ago, are causing some to suspect the Eastern power is suffering a runup to a pre-crash housing high. Some of its biggest cities saw greater than 10 percent year-over-year price appreciation.

Even though prices keep rising, Chinese citizens keep pouring money in the housing market because it’s one of the few solid places for them to invest, reported the news site Quartz.

Source: Quartz