Prices for new housing in major Chinese cities rose at the fastest pace in five months in June, however the pace of gains remained near recent multi-year lows and was broadly in keeping with a recent reading that showed softer real estate investment.
The cost of housing in 70 major cities rose 5 per cent year on year in June, according to a weighted average from Reuters based on data from the National Bureau of Statistics. That was up from 4.7 per cent growth in May and marked the equal-fastest pace since January.
Prices rose 1 per cent month-on-month, up from 0.7 per cent growth in May at the quickest clip to date for 2018.
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