China's home prices rise at fastest pace in seven months in May, top-tier cities' housing markets show overheating signs

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China's home prices grew at the fastest pace in seven months in May, with price gains in top cities showing signs of overheating, as the property market continues its recovery from the coronavirus lockdown measures.

Among the 70 major Chinese cities, new home prices in 57 cities rose on a month-on-month basis in May, the highest amount since August last year, increasing from 50 in April, according to the NBS.

New-home prices in the 70 cities, excluding state-subsidised housing, increased 0.49 per cent last month, shows data released by . . .

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