Reuters: All China may new home prices +0.7% m/m (vs. April +0.5%)

Reuters calculate the change in new home prices across China for May

• For the y/y, up 4.7% (April +1.7% also)

And, via China's NBS (stats dept.)

Beijing new home prices -0.5 pct y/y (April -0.7 pct)

• Beijing new home prices +0.2 pct m/m (April +0.2 pct)

Shanghai new home prices -0.4 pct y/y (April -0.2 pct)

• Shanghai new home prices -0.2 pct m/m (April -0.1 pct)

Deleveraging in China and other regulatory tightening has slowed house prices growth according to these numbers, but still on the up this month …. and y/y. Beijing and Shanghai an exception … 1st tier cities seeing price falls y/y, from lofy heights I suppose it'll be said.

Property market activity still supportive of growth, although recent data has pointed to a slowing (eg. industrial production etc. yesterday)