House prices seeing more stabilization

Local govts continue to implement respective tailored policy measures

Both new and pre-owned home prices in China's major cities continued to stabilize with slower growth in May, thanks to the tightening measures adopted by local governments and the long-term adjustment mechanism, said experts.

Local governments continued to implement respective tailored measures in accordance with their circumstances in May, which helped the real estate market remain stable, said Liu Jianwei, a senior statistician at the National Bureau of Statistics.