BEIJING, June 18 (Xinhua) -- Home prices in 70 major Chinese cities continued to stabilize despite slight increases in May, official data showed Tuesday.
New house prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- increased 0.3 percent month on month in May, down from the 0.6-percent increase in April, said the National Bureau of Statistics in an online statement.
Prices of new houses climbed 0.8 percent in May from the previous month in 31 second-tier cities and 35 third-tier cities.
A single purchase
