Property News · July 17, 2018

China’s new home prices in June rise fastest in 20 months


China’s new home prices rose in June at the fastest pace in 20 months, even as the government stepped up controlling measures to fight price inflation.
Prices, excluding government-subsidised housing, rose month-on-month in a record 63 cities out of the 70 cities tracked by the authorities, surpassing the previous high of 61 cities in May, according to data released Tuesday by the National Bureau of Statistics. This is the fourth straight monthly acceleration.
New home prices fell in just…

Source : South China Morning Post
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