China's property sector shows more signs of cooling in April, with more Chinese cities reporting month-on-month drop and fewer cities reporting gains in new home prices, the National Bureau of Statistics (NBS) said in a statement on Sunday.
Of a statistical pool of 70 major Chinese cities, new homes in eight cities saw month-on-month price decline in April, double of that for March, the NBS data showed.
A total of 44 cities saw month-on-month price gains in new home prices in April, down from 56 for March and 57 for February, the NBS data showed.
For existing homes, prices increased in 35 cities month on month in April, notably down from 42 cities in March and from 46 in February, the data showed.
Source: Xinhua
