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June data indicates slowdown in home prices
By Cao Qian |
July 18, 2011, Monday
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A SLOWDOWN in home prices was registered in more Chinese cities in June compared to a month earlier, according to official data released today.
New home prices, excluding affordable housing, either fell or remained unchanged month-on-month in 26 out of the 70 cities monitored across the country, the National Bureau of Statistics said on its website.
That compared with a fall or no change in prices reported in 20 cities in May and 14 cities in April.
Nationwide, new home prices in June rose the most, or 0.4 percent from May, in Shenyang in Liaoning Province, Changsha in Hunan Province, Yinchuan in Ningxia Hui Autonomous Region, Urumqi in Xinjiang Uygur Autonomous Region and Zunyi in Guizhou Province. In May and April, the largest monthly growth was 0.6 percent and 0.8 percent.
In Beijing and Shanghai, new home prices both edged up 0.1 percent last month, compared with a 0.2 percent gain in both cities in May.
New home prices, excluding affordable housing, either fell or remained unchanged month-on-month in 26 out of the 70 cities monitored across the country, the National Bureau of Statistics said on its website.
That compared with a fall or no change in prices reported in 20 cities in May and 14 cities in April.
Nationwide, new home prices in June rose the most, or 0.4 percent from May, in Shenyang in Liaoning Province, Changsha in Hunan Province, Yinchuan in Ningxia Hui Autonomous Region, Urumqi in Xinjiang Uygur Autonomous Region and Zunyi in Guizhou Province. In May and April, the largest monthly growth was 0.6 percent and 0.8 percent.
In Beijing and Shanghai, new home prices both edged up 0.1 percent last month, compared with a 0.2 percent gain in both cities in May.
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