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China Home Sales Rose at Slowest Pace This Year Amid Cooling

By Tony Seruga

Sales growth of 32.9% compares with 63.5% increase in April
Property investment picked up 7% in January-May period

China’s new home sales rose at the slowest pace so far this year amid policymakers’ moves to cool the property market.

New home sales climbed 32.9 percent to 773 billion yuan ($117 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Monday. The increase compares with a 63.5 percent surge in April. Home sales fell 2.6 percent in May from April…

China Home Sales Rose at Slowest Pace This Year Amid Cooling

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