Wednesday, May 18, 2011

China house prices rise, but momentum cools

Of 70 cities tracked in the survey, 56 reported gains in new home prices. That compared to a more modest performance in March that saw prices in 49 cities rising month-on-month.

New home prices in Beijing were up 0.1% in April from the prior month, while Shanghai reported a 0.3% rise, according to reports citing the National Bureau of Statistics data.

Guangzhou, the capital China’s southern Guangdong province, and Shenzhen, a fast-growing metropolis that lies just outside Hong Kong, each saw prices rises 0.7%.

China Properties News

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