China's home prices still climbing in May despite market curbs
While prices in biggest cities are levelling off, regions seeing upward price pressure
Add BT as a preferred source
Beijing
HOME prices levelled off in China's biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a series of government measures to keep the market from overheating.
Firm price gains highlight the challenge Chinese authorities face in calming a frothy market without disrupting the economy, in which real estate is a major driver of growth.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
