BUSINESS China's home prices remain stable in April

BUSINESS

China's home prices remain stable in April

Xinhua

15:25, May 16, 2019

Potential homebuyers get information on the property market in Beijing on Dec 23, 2018. (Photo/IC)

BEIJING, May 16 (Xinhua) -- Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New house prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.6 percent month-on-month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

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