Pursuits
China May Home Prices Rise in Fewer Cities Amid Slower Sales
- New-home prices gained in 60 cities in May versus 65 in April
- Xiamen and Hefei among cities outpacing Shanghai, Shenzhen
China Home Prices Rise in Fewer Cities, What's Next?
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China’s home prices rose in fewer cities in May than the previous month, with gains in some second-tier locations surpassing those in Shanghai and Shenzhen.
New-home prices excluding affordable homes climbed in 60 cities, down from 65 in April, among the 70 tracked by the government, the National Bureau of Statistics said Saturday. They dropped in four places, compared with five a month earlier, and were unchanged in six.