China’s new home prices rose in May at the fastest pace in 19 months, even as the government’s two-year campaign to cool the housing market remained in full swing.
New home prices, excluding government-subsidised housing, increased in a record 61 cities out of the 70 cities tracked, up from 58 cities that recorded gains in April and 55 cities in March, according to data released Friday by the National Bureau of Statistics.
New home prices fell in seven cities and remained flat…
Source : South China Morning Post
Read more…China’s housing ‘melt up’ continues, as new home prices rocket most in 19 months during May
