New home prices in major cities fell again in May as the country continues its campaign to regulate the real estate market.
In May, 43 cities out of a statistical pool of 70 major cities saw drops in new home prices from April, while new home prices in 21 cities remained the same, the National Bureau of Statistics said.
Six cities saw slight increases of less than 0.2 percent in new home prices in May.
New home prices in 55 cities out of 70 saw year-on-year decline in May, expanding from 46 in April. Prices in 15 cities saw year-on-year increases by less than 1.4 percent in May, compared with 23 cities in April. |