SHANGHAI: Home prices in major Chinese cities continued to rise year-on-year for the sixth consecutive month in May, an independent survey showed yesterday.
The average cost of a new home in 100 major cities rose 6.9 percent from a year earlier to 10,180 yuan ($1,647) per square metre in May, the China Index Academy said in a statement, compared with 5.34 percent growth in April.
On a monthly basis, home prices climbed 0.81 percent in May from April, the academy said, adding growth narrowed from one percent in April owing to new government regulations and weaker home sales.
AFP
