Prices of commercial residential properties in Sanya up 0.3% in May
According to statistics from National Bureau of Statistics, Sanya commercial residential properties prices in May increased 0.3% month on month and dropped 2.1% from a year earlier, reports hinews.cn.
Experts attributed the rise of house prices in May to the transactions concentrated in small-sized properties.
Among 70 selected large and medium cities, 9 cities saw the housing prices decline compared with that of April and 11 cities stood unchaged. Statistics showed that housing prices in Sanya was down 2.1% from a year earlier, the largest drop in record.
Besides, Sanya second-hand home prices in May stayed unchanged from one month ago and increased 0.3% from one year ago.