(MENAFN) Home prices in 70 major Chinese cities have remained stable regardless of the slight increases in April.
According to the National Bureau of Statistics, new home prices in four first-tier cities - Beijing, Shanghai, Shenzhen and Guangzhou - increased 0.6 percent month on month in April, up from the 0.2-percent increase in March.
New home prices climbed 0.8 percent in 31 second-tier cities, and went up 0.5 percent in 35 third-tier cities.
As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth month on month, while those in 31 second-tier cities jumped 0.6 percent, narrowing from the 1.2-percent increase in March.
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