China issued its data on home sales prices in May for the nation’s large and mid-sized cities. Activity surged.

The National Bureau of Statistics of China made the announcement. On its face, the data would indicate that the housing bubble in the People’s Republic remains, and that real estate buyers must have access to large amounts of capital despite government work to curb the access to cool the market.

The agency commented:

Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed residential buildings declined in 3 cities while that of 2 cities remained at the same level. For 65 cities with increasing prices month-on-month, the biggest increase was 2.9 percent.

Comparing with the same month of last year, the sales prices of newly constructed residential buildings decreased in 1 city. For 69 cities with increasing prices year-on-year, the biggest increase was 15.5 percent, and the increase of 1 city fell down compared with that in April 2012.

And see the city-by-city numbers, based on the agencies figures.

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