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More cities see growth slowing in home price
By Cao Qian |
June 19, 2011, Sunday
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Print Edition
Print Edition
AN increased number of Chinese cities reported evidence of a slowdown in home prices in May compared to a month earlier, according to government data released yesterday.
New home prices, excluding affordable housing, either fell or remained unchanged month-on-month in 20 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 14 cities in April.
New home prices climbed 0.2 percent from a month earlier in both Beijing and Shanghai last month, the statistics bureau said.
In April, they edged up 0.1 percent in Beijing and rose 0.3 percent in Shanghai.
Nationwide, prices rose the most at 0.6 percent month-on-month in Yichang in Hubei Province and Shaoguan in Guangdong Province. That compared to a maximum gain of 0.8 percent recorded in April.
A total of 27 cities registered a smaller monthly price growth last month, an increase of one from April.
The prices of existing homes, meanwhile, either dropped or remained flat in 34 cities last month, an increase of five from April.
Across the country, Xining in Qinghai Province and Shaoguan in Guangdong Province witnessed the biggest price increases, both up 0.7 percent from a month earlier, the bureau said.
In Shanghai, prices of existing houses advanced 0.2 percent from a month earlier, down from a monthly gain of 0.6 percent registered in April.
On a year-on-year basis, three out of the 70 cities recorded decreases in new home prices, unchanged from a month earlier.
New home prices, excluding affordable housing, either fell or remained unchanged month-on-month in 20 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 14 cities in April.
New home prices climbed 0.2 percent from a month earlier in both Beijing and Shanghai last month, the statistics bureau said.
In April, they edged up 0.1 percent in Beijing and rose 0.3 percent in Shanghai.
Nationwide, prices rose the most at 0.6 percent month-on-month in Yichang in Hubei Province and Shaoguan in Guangdong Province. That compared to a maximum gain of 0.8 percent recorded in April.
A total of 27 cities registered a smaller monthly price growth last month, an increase of one from April.
The prices of existing homes, meanwhile, either dropped or remained flat in 34 cities last month, an increase of five from April.
Across the country, Xining in Qinghai Province and Shaoguan in Guangdong Province witnessed the biggest price increases, both up 0.7 percent from a month earlier, the bureau said.
In Shanghai, prices of existing houses advanced 0.2 percent from a month earlier, down from a monthly gain of 0.6 percent registered in April.
On a year-on-year basis, three out of the 70 cities recorded decreases in new home prices, unchanged from a month earlier.
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