China Property Update - Prices Still Chugging Along in May

China's online real estate website, SouFun, recently released its monthly 100-city property price index, showing that property prices continued to rise in May. Property prices rose by 0.52% month on month in May to 8,819 Yuan per square meter, compared to an increase of 0.40% in April. This placed the annual percentage increase at about 5% (the index was first published in June last year). The data showed that prices rose in 76 cities, while 3 cities saw no change and 21 cities experienced lower prices in May.

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