Housing sales surge to new high
Housing sales in May hit the highest level in the last six years’ same period, as a string of policy easing filtered through, and buyers’ purchasing willingness strengthened significantly, according to a research agency.
New home sales in 30 cities monitored by Ehouse China R&D Instituterose 15.5 percent in May over April, higher than sale data recorded in past six year’s May, according to the institute’s latest report on Monday. In year-on-year terms, sales rose 34.9 percent and rose in 27 of the 30 cities.
Sales in first-tier cities surged 82.7 percent in May over a year ago, after a 59.2 percent rise in April. Second-tier cities rose 25.3 percent and third-tier cities rose 32.1 percent, the report said.
Average new home prices in 100 cities in May rose 0.45 percent month-on-month to reach 10,569 yuan ($1,706) per square meter, according to China Index Academy, the research unit of SouFun Holdings Ltd. Except for a small up-tick in January, this price index has been declining for the past 12 months. (Photo 3)