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Update Alerts

Property prices show signs of stabilising in May

18 June 2012

Average new home prices fell 0.1% in May from a month earlier, narrowing from April's MoM fall of 0.3%, according to home price data for 70 cities published by the National Bureau of Statistics (NBS). The data also showed China’s home sales rebounded for the first time this year, rising 19% MoM in May to Rmb375.7bn (CC June 14 Capital Intensive). The NBS figures suggest China’s new home prices are stablising with only 40 cities seeing new home prices fall in May from April, as compared with 43 in April MoM and 46 in March MoM. Six cities reported a MoM increase in home prices compared with three in April. 

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