ecns [expanded by feedex.net]: China's property market in broad recovery: survey

ecns [expanded by feedex.net]

ecns

China's property market in broad recovery: survey
http://www.ecns.cn/business/2016/05-02/208922.shtml
May 2nd 2016, 12:05



A new survey has found that China's property market saw broad-based recovery last month, with more cities reporting growth in new home prices.
The South China Morning Post has cited a report by research firm China Real Estate Index System saying that home prices in major cities such as Shanghai and Shenzhen grew at a slower pace after the recently announced cooling measures.
While cities close to tier-one cities and an increasing number of tier -2 and tier-3 cities saw significant rises.
The survey, which tracks 100 Chinese cities, also shows lower-tier cities like Huizhou in the southern province of Guangdong and Kunshan, a city near Shanghai, grew the fastest.
The two cities reported a month-on-month increase of 6.3 percent and 6.1 percent.
The survey has also found that the average price of new homes in 100 cities edged up nearly 1.5 percent to 11,467 yuan or about 1,771 U.S. dollars per square meter last month, slowing from the 1.9 per cent growth in March.
The 1.9 percent growth in March was the highest monthly pace since the index was launched in June 2010.
Among the 100 surveyed cities, 71 saw growth in new home prices, up from 60 in March. Prices fell in 25, with that in four cities remaining unchanged.
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