Beijing - The Chinese government data revealed that the property prices in China gradually on the rise since June. The housing prices in last one month rose 11.4 percent in 70 major cities. Reported the National Bureau of Statistics said.
In the month of April, the figure hit 12.8 and it was the highest rise since July 2005 when the survey was conducted to 70 cities from 35.
The real estate prices fell down by 0.1 percent from May, official data showed, the first month-on-month decline since March last year, according to experts.
"This is a turning point of the overall property price trend," Yang Hongxu, a Shanghai-based analyst with E-House China R&D Institute, told AFP.
"The decline will continue for several months once the trend is consolidated -- probably lasting into the end of this year or the beginning of next year," he said.
Due to the steady increase of prices, Chinese government has issued measures in recent months to check the market overheating that could be fatal for world's third largest economy.
Alan Chiang, residential market head at property consultancy DTZ China, said that the government could refrain from using stringent measures to curb the problem and disturb the market sentiment.
A property tax could be imposed on a trial basis in Beijing, Shanghai, the southwestern mega-city of Chongqing and the southern city of Shenzhen to curb the recent real estate problem.
In the month of April, the figure hit 12.8 and it was the highest rise since July 2005 when the survey was conducted to 70 cities from 35.
The real estate prices fell down by 0.1 percent from May, official data showed, the first month-on-month decline since March last year, according to experts.
"This is a turning point of the overall property price trend," Yang Hongxu, a Shanghai-based analyst with E-House China R&D Institute, told AFP.
"The decline will continue for several months once the trend is consolidated -- probably lasting into the end of this year or the beginning of next year," he said.
Due to the steady increase of prices, Chinese government has issued measures in recent months to check the market overheating that could be fatal for world's third largest economy.
Alan Chiang, residential market head at property consultancy DTZ China, said that the government could refrain from using stringent measures to curb the problem and disturb the market sentiment.
A property tax could be imposed on a trial basis in Beijing, Shanghai, the southwestern mega-city of Chongqing and the southern city of Shenzhen to curb the recent real estate problem.
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