Month-on-month growth of existing home prices in Kunming, Yunnan province ranks second in China for April 2009

2009-05-19 Kunming

Transactions in the housing market in Kunming, Yunnan province totaled 5,017 in April 2009, a 16-month record and an increase of 1,500 from the prior month. For the month, the prices for newly built housing in the city dropped by 4.5 percent over the year-earlier period, however incicated a rise of 0.9 percent from the prior month, while prices of existing homes rose 2.2 percent month-on-month, ranking the second behind Shenzhen nationwde. Existing homes showed a year-on-year rise of 1.2 percent.