Sanya sees new home price decline in April this year
Statistics from China Index Research Institution shows that 48 cities among 100 major Chinese cities in April saw a month-on-month decline in new home prices.
However, 18 cities saw the housing prices up compared with that of April and only 4 cities remained unchanged.
In April, home prices rose the most in Shenzhen, a 1.8% increase month-on-month, followed by Beijing and Shanghai, which climbed 0.7% and 0.6%, respectively, from a month earlier.
Among them, average residential home prices in Sanya decreased 0.2% month on month to 20,550 yuan/sqm and Haikou dropped 0.72% to 9,213 yuan/sqm.
As for the prices of second-hand houses, Sanya and Haikou also dropped 0.2% and 0.6%, respectively, compared to those in March.