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China’s home prices continue to rise

Updated: May 18,2016 10:39 AM     Xinhua

BEIJING — China’s property sector continued to recover in April, with more cities reporting month-on-month rises in new home prices, an official survey showed on March 18.

Of 70 large and medium-sized cities surveyed in April, 65 saw new home prices climbing month on month, up from 62 in the previous month, the National Bureau of Statistics (NBS) said.

Meanwhile, five cities reported month-on-month price declines, down from eight in March, according to NBS data.

On a yearly basis, 46 cities posted new-home price increases and 23 reported falls in April, compared with 40 and 29 in March.