Hous­ing sales surge to new high

China Daily (Canada) - - FRONT PAGE -

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)

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.