and Nanning 上海乌托邦女神会所rose 0.7 percent and 0.9 percent, respectively. On a year-on-
year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.
Although excluded from the 70 major Chinese cities surveyed by the
National Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.
There are signs that the central government will not change its resolution to control house p
rices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.
On May 11, Suzhou tightened housing policies further, China Daily earlier reported. The dow
n payment ratio for a family’s first home purchase has been raised from 20 percent to 30 percent.
Newly built property in certain parts of the city cannot be traded for a three
-year period after purchase, and for five years in the case of pre-owned property.