New home prices rose in almost all of the 70 Chinese cities monitored by the government in April, as upbeat sentiment extended its reach.The average cost of a new house increased by 0.62 per cent, about the same as the rise in March and higher than the 0.53 per cent gain in February, according to a Bloomberg calculations based on National Bureau of Statistics data released on Thursday morning.Prices climbed in 67 out of the 70 cities tracked by the bureau, a jump from 65 and 57 cities in March…
Source : South China Morning Post
Read more…New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand















