China's national real estate climate index was 95.94 in May or 1.18 points up from April, the National Bureau of Statistics (NBS) said Wednesday.
Prices of new and existing homes in 70 large and mid-sized Chinese cities fell 0.6 percent year on year in May, but prices rose 0.6 percent month on month, said the NBS.
The real estate climate index has six sub-indices, including property development, capital source and the area of land developed.
The property market is growing when the index is above 100 and falling when it drops below 100.
(Xinhua News Agency June 10, 2009)
