PRICES of both new and existing homes continued to rise in most Chinese cities in June, according to official data released today.

Of a statistical pool of 70 major Chinese cities, 63 cities saw month-on-month home price rises. However, the number was down from 65 cities that reported higher prices in May, the National Bureau of Statistics (NBS) said in a statement on its website.
According to the NBS, 55 cities reported month-on-month price gains in existing homes in June compared to the previous month. The figure also dropped from 64 cities that saw price rises in May, the data showed.