According to the Housing Prices Index (HPI) report released by the China Index Academy ( CIA) in May, the average price of the newly-built houses among the 100 cities stopped dropping and increased to 10,569 yuan(RMB)/㎡(up 0.45% on a month-on-month basis), and the average prices of sampled house in Yichang stood at 5,340 yuan(RMB)/㎡ (down 1.44% on a month-on-month basis), ranking the 10th place among the top 100 cities.
　　Calculated in number, there were 48 cities whose house price got increased month-on-month and 52 dropped. Compared to April, there were 9 more cities whose housing price got increased with 8 increased above the rate of 1%, and there less 8 cities whose housing price fell month-on-month with 17 decreased over 1%.           
　　According to the sample survey data of HPI among the top 100 cities, the average price of the newly-built houses among the 10 major cities like Beijing and Shanghai reached 19,148 yuan/㎡(up 0.99% on a month-on-month basis), 0.87% more than that of last month. Among the 10 major cities, 9 cities saw housing price rise except Hangzhou’s month-on-month slump of 0.43%. The average price of the newly-built houses in Wuhan reached 8,100 yuan/㎡ (up 1.14%), ranking the 3rd place among the 10 major cities.
　　Based on the active sample survey of HPI among the top 100 cities, the sample average prices of the pre-owned houses in the main urban areas of the 10 major cities like Beijing reached 26,915 yuan/㎡ with a month-on-month growth of 1.08%, lower than that of April. Among the 10 major cities, 8 cities except Chengdu and Tianjin saw a month-on-month housing price rise. The pre-owned houses of the main urban area in Wuhan reached 10,442 yuan/㎡ (up 0.49% month-on-month), ranking the 5th place among the 10 major cities.
　　The CIA suggested that this rebound in property market was refueled by the People’s Bank of China who cut interest rate again on May 11th and regulated the financial institutions to cut 0.25% one-year benchmark loan and deposit interest rates, and the local governments who actively promulgated the adjustment policies of the loan interest rate of the housing provident fund. Consequently, several cities saw a success in the property market in May. The HPI among the top 100 cities stopped the declining momentum on a month-on-month basis, with a lower slump on a year-on-year basis. In the future, the whole property market would witness a remarkable rebound, but several cities would encounter high inventory pressure and intense supply-demand relationship. (Reporter, Zhang Lu)