Chinese property prices keep increasing

06/3/2013 | Market News International · Bloomberg

Data show that China's policies aimed at cooling off the property market are ineffective. Prices in 100 cities rose 6.9% in May, after climbing 5.34% in April, according to property researcher SouFun Holdings. "Given rising land prices, insufficient supply in hot cities and expectation of a loosened monetary stance, expectations of further housing price rises remains strong," the company said.

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Market News International · Bloomberg

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