According to the report from National Bureau of Statistics, China's house prices logged a moderate growth in October.

In 70 major cities, house prices increased 0.5 percent in October from the previous month. Among 70 cities surveyed by the NBS, prices increased in 50 cities compared to 53 in September.

On a monthly basis, house prices fell 0.2 percent in Beijing and by 0.1 percent in Guangzhou. Meanwhile, house prices rose 0.4 percent each in Shanghai and Shenzhen, data showed.