China's first-tier cities report housing price rise in April
Xinhua
Home prices in China's first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, increased slightly in April from the previous month, while second- and third-tier cities reported narrowed or unchanged price declines, official data showed Monday.
New home prices in the four first-tier cities edged up 0.1 percent month-on-month in April, according to the National Bureau of Statistics (NBS). Second-tier cities saw a smaller price decline of 0.1 percent, while prices in third-tier cities dropped 0.3 percent, the same with the previous month.
Similar trends were seen in the resale housing market, the data showed.