China's Top 4 Cities Extend Secondhand Home Price Gains for 3rd Month at 0.4%
Updated
Updated · Caixin Global · Jun 17
China's Top 4 Cities Extend Secondhand Home Price Gains for 3rd Month at 0.4%
3 articles · Updated · Caixin Global · Jun 17
Summary
May data showed secondhand home prices in Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4% from April, matching the previous month's pace and marking a third straight monthly increase.
Property upgrades drove the rebound, pointing to a localized recovery in demand rather than a broad-based housing-market turnaround.
Shanghai and Shenzhen led the gains with 0.6% month-on-month increases, underscoring that the strongest momentum remains concentrated in China's biggest cities.