CSC Financial, citing China Index Academy data, said average secondhand residential prices across 100 cities fell 0.32% MoM in May, a 0.14ppt improvement from April, and were down 7.99% YoY, a 0.35ppt narrowing. Shanghai secondhand prices have risen

2026-06-07

CSC Financial, citing China Index Academy data, said average secondhand residential prices across 100 cities fell 0.32% MoM in May, a 0.14ppt improvement from April, and were down 7.99% YoY, a 0.35ppt narrowing. Shanghai secondhand prices have risen for three consecutive months, indicating the market is moving toward stabilization. This week Poly Real Estate won a Nanshan, Shenzhen residential parcel for 57.7 bln yuan at a 150.7% premium, setting a Shenzhen record floor price of 109,000 yuan/sq.m; CSC said demand for premium plots in core cities remain strong.

Other News
2026-06-07

Beijing gaokao essay prompts released. In the micro-writing section a topic references teaching elderly to use AI. Choose one of three tasks; response no more than 150 characters; do not disclose district, school or personal information. (1) To raise

2026-06-07

MERZ said he believes current difficulties can be overcome and Germany could show a new development profile within a short period. He said the governing coalition, despite internal disagreements on some issues, can push reforms while staying united a