Property News · June 18, 2019

China’s new home prices rise 0.71 per cent in May, accelerating at the fastest pace in six months


China’s new home prices rose at an accelerated pace in May, bolstered by robust gains in lower-tier cities, while Shanghai and other top tier cities recorded modest to flat growth amid indicators that pointed to slowing investment and sales by volume on year.The average cost of a new home increased by 0.71 per cent in May from April, the fastest gain since November, and an acceleration from 0.62 per cent in April on month, according to Bloomberg calculations based on National Bureau of…

Source : South China Morning Post
Read more…China’s new home prices rise 0.71 per cent in May, accelerating at the fastest pace in six months

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