China property prices rise 12.4% y-o-y in May

BEIJING: Chinese property prices in 70 cities rose 12.4% in May from a year earlier, down from a record 12.8% increase in the year to April, the National Bureau of Statistics reported on Thursday, June 10.

Property prices rose 0.2% month-on-month, compared with a 1.4% increase in April, the NBS said.

Real estate investment grew 38.2% in the first five months from a year earlier, it said.

Property price change on a year earlier:
May   Apr   Mar   Feb   Jan   Dec   Nov   Oct   Sep   Aug
12.4  12.8   11.7  10.7   9.5   7.8      5.7   3.9    2.8     2.0

Property price change on a month earlier:
May   Apr   Mar   Feb   Jan   Dec   Nov   Oct   Sep   Aug
0.2      1.4   1.1   0.9      1.3   1.5   1.2     0.7     0.7   0.9