New home prices continued to see slower rises in Chinese cities in May.
Of a statistical pool of 70 major cities, 65 saw new home prices increase month on month in May, down from 67 cities in April, said the National Bureau of Statistics (NBS) said.
The data show that new home prices in 34 cities saw slower month-on-month rises compared with April. Fuzhou, capital of Fujian Province, Zhengzhou, capital of Henan Province, Guangzhou, capital of Guangdong Province, and Chengdu, capital of Sichuan Province, saw price rises narrow by at least 0.6 percentage points.
In May, prices of existing homes rose in 64 cities month on month, down from 66 cities in April, said the NBS. A total of 30 cities saw slower rises from April.
Liu Jianwei, a senior statistician with the NBS, attributed the slowing price rises to the effects of recent property tightening measures. |