# 70-City Data

China’s Property Gloom Begins to Lift as Tier-1 Cities Signal a Long-Awaited Turning Point

China’s new home prices saw their year-on-year decline narrow for the first time in eight months in May, led by a strong recovery in Tier-1 cities. While analysts view this as a potential market bottom, a sharp divergence remains between thriving core hubs and struggling smaller cities.