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China's home prices continue to ease in April

Xinhua | Updated: 2022-05-18 10:43
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A property construction site in Taiyuan, Shanxi province. [Photo by WU JUNJIE/CHINA NEWS SERVICE]

BEIJING -- China continued to see its housing market ease in April, with second-tier and third-tier cities seeing a decline in home prices, according to the National Bureau of Statistics (NBS) Wednesday.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged up 0.2 percent month-on-month in April, moderating 0.1 percentage points from that in March, according to the NBS data.

A total of 31 second-tier cities saw month-on-month decline of 0.1 percent in new home prices, while 35 third-tier cities saw month-on-month decline of 0.6 percent in new home prices.

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