May housing price rise in China's top cities

First-tier cities in China—Beijing, Shanghai, Guangzhou, and Shenzhen—experienced a 0.2% month-over-month increase in housing prices during May, representing a slight rise compared to April. Beijing saw a decline of 0.2%, while new home prices in Shanghai and Guangzhou rose by 0.2% and in Shenzhen by 0.4%. On the other hand, second- and third-tier cities saw decreases in housing prices, with declines of 0.1% and 0.4%, respectively.

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