BEIJING, July 1 The average price for a new home
price in 100 major Chinese cities edged up 0.41 percent in June
to 8,856 yuan ($1,370) per square metre, slowing from a 0.53
percent rise in May, as government tightening steps bite, a
private data provider said on Friday.
China Real Estate Index System (CREIS), which is affiliated
to Soufun , the country's largest online real estate
firm, said prices rose 5.2 percent last month from a year
earlier, quickening from May's 5.1 percent rise.
The data gives a snapshot of China's housing inflation
before the National Bureau of Statistics releases its official
figures on the 18th of every month.
"Price rises will be further curbed in the second half and
some cities may see a fall," said Huang Yu, executive vice
president of CREIS.
"The Chinese government will not relax its tight policy and
the measures will have an increasing impact on secondary cities
later this year," she added.
The CREIS said new home prices in top 10 cities increased at
a much slower pace of 2.87 percent in June from a year earlier,
and remained unchanged last month from May at 15,829 yuan per
Price rises were faster in third- and fourth-tier cities
such as Weifang and Lanzhou rather than in first- and
second-tier cities, according to CREIS.
That is a trend also shown by data from the statistics
bureau. New home prices in 70 major cities rose 4.1 percent in
the year to May, according to Reuters' calculation of data
provided by the agency, slowing from April's annual rise of 4.3
China has rolled out a slew of measures, including credit
controls and purchase restrictions, to cool down home price
rises and curb speculation as part of its wider effort to keep
inflation in check without hurting economic growth too much.
Separate surveys on Friday indicated China's factory sector
grew at its slowest pace in 28 months in June as weaker export
orders and tight monetary policy pinched output.
Some market watchers said Bejing may now be less aggressive
in tightening policy later in the year, but others argued that
taming inflation remained policymakers' more immediate worry.
($1 = 6.464 yuan)
(Reporting by Langi Chiang and Kevin Yao)