China’s month-on-month home price growth remains robust in May

June 19, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Prices in China’s sizzling property market kept pace in May with the previous month, indicating resilient demand despite the imposition of tougher official measures to curb surging prices. Firm price gains highlight the challenge Chinese authorities face in taming an overheating market without disrupting the economy, in which real estate is a major driver of growth. Average new home prices in China’s 70 major cities rose 0.7 percent in May from the previous month, in line with April,…

Read More