China’s home prices saw a modest recovery in May, adding to growth in March and April, as positive signs of a gradually stabilising property market continued to accumulate after five years of weakness, according to analysts.
In May, the average price of newly built residential properties across 100 Chinese cities stood at 17,156 yuan (US$2,534) per square metre, edging up 0.16 per cent from a month earlier and 2.03 per cent year on year, data from the China Index Academy showed on Monday.
The…
Source : South China Morning Post
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