Chinese residential property rose 0.53% in May from April, faster than April's 0.40% on-month increase, China Real Estate Index System said Wednesday.
China Real Estate Index System said property prices in 76 cities grew in May compared with the previous month, while 21 cities posted a decline in property prices over the same period. The remaining three cities posted no change.Prices are now $1361/m^2
That's $126/ft^2 (or roughly what it costs to build a nice house in the u.s. outside the major urban centers)
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