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China May Home Sales Rose 32.9% Amid Policy Tightening Measures

By Tony Seruga

New home sales compare with 63.5% increase in April, data show
Property investment picked up 7% in January-May period

China’s new home sales rose 32.9 percent in May from a year earlier, amid policy tightening in some of the nation’s largest cities.

New home sales rose 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 the previous month. Home sales fell 2.6 percent in May from April…

China May Home Sales Rose 32.9% Amid Policy Tightening Measures

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