China's Real Estate Index Up in May
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China's national real estate climate index was 95.94 in May or 1.18 points up from April, the National Bureau of Statistics (NBS) said on Wednesday.
Prices of new and existing homes in 70 large and mid-sized Chinese cities fell 0.6 percent year on year in May, but prices rose 0.6 percent month on month, said the NBS.
The real estate climate index has six sub-indices, including property development, capital source and the area of land developed.
The property market is growing when the index is above 100 and falling when it drops below 100.
>>Investment Completed and Growth of Real Estate Development Enterprises in May, 2009
>>Floor Spaces Sold and Sales Price Growth of Commercial Buildings in May, 2009
>>Sales Price Indices of Buildings in 70 Medium-Large Sized Cities in May, 2009
>>Sales Price Indices of Buildings in 70 Medium-Large Sized Cities(90 sq m and Below) in May, 2009
(Xinhua News Agency June 11, 2009)