China’s June Home Prices Slow in Major Cities, SouFun Says
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China’s June home prices eased in eight of the country’s 10 biggest cities as the government expanded efforts to curb the risk of asset bubbles in its housing market, according to SouFun Holdings Ltd.
Home prices in cities including Beijing and Shanghai either posted slower gains or declines from May, SouFun said in an e-mailed statement today. Hangzhou and Tianjin are the only two among the 10 biggest cities that reported gains following a drop in May, the nation’s largest real-estate website owner said.