BEIJING: Average home prices in China’s 100 biggest cities rose for the 12th straight month in May, a private survey showed on Monday, though the pace of increase slowed in a sign that government steps to cool the property market may be having an effect.
Average home prices in May climbed 0.8% from April to 10,180 yuan (US$1,700) per sq m, said China Real Estate Index System (CREIS), a consultancy tied to China’s largest online property information firm, Soufun Holdings.
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