China's Home Prices Increase in Fewer Cities as Curbs Bite
- Values gained in 56 cities in May, compared with 58 in April
- Sales growth quickened, buoyed by smaller cities’ transactions
China May New Home Prices Rose in 56 out of 70 Cities M/M
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China’s home prices increased in fewer cities last month in the wake of cooling measures imposed by local authorities.
New-home prices, excluding government-subsidized housing, gained from the previous month in 56 of 70 cities tracked by the government, compared with 58 in April, the National Bureau of Statistics said on Monday. Prices fell in nine cities and were unchanged in five.