April data fuel hopes of realty recovery

New home prices regain momentum in big cities as demand improves, says NBS

The decline in average prices for new homes in China slowed in April as sales improved on better market sentiment and prices in large cities regained momentum.

New-home prices declined from the earlier levels in 48 of the 70 cities tracked by the government, the National Bureau of Statistics said on Monday, compared with price drops in 50 cities in March. That translated into a 0.12 percent month-on-month fall in the national average, slowing from the 0.16 percent recorded in March, based on calculations by The Wall Street Journal.