BEIJING–New home prices rose in 63 of 70 China cities in April from a year earlier, according to the National Bureau of Statistics, little changed from 65 cities in March.
Average new home prices rose 4.45% in April from a year earlier, the statistics agency said Monday, following a 4.36% rise in March.
On a month-on-month basis, prices of new homes rose in 62 of 70 cities in April, the same as March.
Average new home prices rose 0.48% in April from March, up slightly from a 0.41% increase in March from February.
The overall increase in prices of newly built housing has expanded, said Sheng Guoqing, chief statistician of the statistics bureau’s urban division.
Among the country’s four first-tier cities, home prices increased at a faster pace than in April. Home prices in Beijing, Shanghai, Guangzhou, and Shenzhen increased by 0.6%, 0.3%, 1.1% and 0.5%, respectively.
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(END) Dow Jones Newswires
May 16, 2021 22:28 ET (02:28 GMT)
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