National Bureau of Statistics: In May, newly built commercial residential sales prices in first-tier cities rose 0.2% MoM, 0.1ppt wider than April. Shanghai +0.2% MoM, Guangzhou +0.2%, Shenzhen +0.4%, Beijing -0.2%. Second-tier new-home prices -0.1% MoM, unchanged from April. Third-tier new-home prices -0.4% MoM, a 0.1ppt larger decline. Among 70 major cities, 16 posted MoM gains in new-home prices, two more than April. For second-hand homes, first-tier prices +0.4% MoM, unchanged; Beijing +0.1%

National Bureau of Statistics: In May, newly built commercial residential sales prices in first-tier cities rose 0.2% MoM, 0.1ppt wider than April. Shanghai +0.2% MoM, Guangzhou +0.2%, Shenzhen +0.4%, Beijing -0.2%. Second-tier new-home prices -0.1% MoM, unchanged from April. Third-tier new-home prices -0.4% MoM, a 0.1ppt larger decline. Among 70 major cities, 16 posted MoM gains in new-home prices, two more than April. For second-hand homes, first-tier prices +0.4% MoM, unchanged; Beijing +0.1%, Shanghai +0.6%, Guangzhou +0.1%, Shenzhen +0.6%. Second-tier resales -0.2% MoM, unchanged. Third-tier resales -0.4% MoM, a 0.1ppt wider decline. Among 70 cities, 10 saw MoM increases in resale prices, two fewer than April.