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Fewer Chinese cities reported month-on-month increases in home prices in June, official data showed Saturday.
A total of 31 out of 70 large and medium-sized cities saw month-on-month increases in new home prices, down from 46 in May, according to the National Bureau of Statistics. Meanwhile, seven cities witnessed higher resale prices, down from 15 in the previous month.
New home prices in four first-tier cities - Beijing, Shanghai, Shenzhen, and Guangzhou - stayed flat in June, compared with a 0.1-percent growth in May.
A flat trend in new housing prices was also observed in 31 second-tier cities, while 35 third-tier cities recorded a 0.1-percent fall.
The second-hand market showed further decline overall, as month-on-month prices went down 0.7 percent in first-tier cities, and 0.4 percent in both second-tier and third-tier cities.
(With input from Xinhua)
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Disinformation report hotline: 010-85061466