The mainland property market has shown more signs of recovery, as the decline in average prices in major cities narrowed further last month, while investment in real estate rose 6.8% in the first five months from a year earlier.

Average prices in 70 major cities dropped 0.6% last month from a year earlier, smaller than the 1.1% fall in April and the 1.3% decline in March, according to the National Development and Reform Commission.

From a month earlier, prices were up 0.6%, compared with a rise of 0.4% in April, the commission said on its website.

South China Morning Post