China's property sector¹ continued to recover in April, with more cities reporting month-on-month rises in new home prices, an official survey showed Wednesday.

 

本周三公布的一组官方调查显示，四月份中国的房地产市场继续升温，更多城市的新房价格环比增长。

 

Of 70 large and medium-sized cities surveyed in April, 65 saw new home prices climbing month on month, up from 62 in the previous month, the National Bureau of Statistics (NBS) said.

 

Meanwhile, five cities reported month-on-month price declines, down from eight in March, according to NBS data.

 

On a yearly basis, 46 cities posted new-home price increases and 23 reported falls in April, compared with 40 and 29 in March.

 

New-home prices soared 63.4 percent year on year in the southern city of Shenzhen, the sharpest increase last month among all the major cities.

 

Prices in Shanghai, Nanjing, Xiamen and Beijing also rose fast, up 34.2 percent, 22.6 percent, 21.7 percent and 20.2 percent year on year, respectively.

 

The northeastern city of Jinzhou registered the steepest price decline of 3.2 percent over a year earlier.

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