Data from National Bureau of Statistics shows prices in the second-hand market surged 12.8 per cent in May from a year earlier. Photo: Xinhua

China home prices face upward pressure

With developers failing to replenish their land banks as sales rise, the dwindling housing supply is expected to drive property values higher

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Data from National Bureau of Statistics shows prices in the second-hand market surged 12.8 per cent in May from a year earlier. Photo: Xinhua
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