China’s real estate market remained generally stable in June, with mild month-on-month increases in home prices in 70 major cities across the country, data released by the National Bureau of Statistics (NBS) on Thursday showed.
New home prices in Hefei, capital of East China’s Anhui province, rose 0.7 percent on a monthly basis in June, while prices of second-hand houses edged up 0.2 percent.
The country’s housing demand was further unleashed in June with the ongoing recovery of business, market and daily life activities, according to NBS senior statistician Kong Peng.
New home prices in the four first-tier cities increased 0.6 percent month-on-month, with Beijing recording the maximum growth of 0.4 percent, Shanghai by 0.5 percent, Guangzhou by 0.6 percent and Shenzhen by 0.8 percent.
Home prices grew higher in first-tier cities in June than in the same period a year ago, while the growth in second - and third- tier cities continued to slow down, NBS data showed.
New home prices went up 5.3 percent year-on-year in 31 second-tier cities, and rose 4.6 percent in 35 third-tier cities.
Prices of resold housing increased 2.0 percent year-on-year both in second-tier cities and in third-tier cities.