China's home prices remain stable in April

Time: 2019-05-16
Summary: China steel market

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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