May 11, 2009 (China Knowledge) - Thirty major Chinese cities saw residential property transaction area grow 11.42% in April from a month earlier, according to statistics released by China Real Estate Index System (CREIS).

Wenzhou, a major city in Zhejiang Province, enjoyed the highest month-on-month jump of 171.56% in residential property transaction area last month, followed by Suzhou, Jiangsu Province and Hangzhou, Zhejiang Province.

In April, the price index of residential properties in Shanghai edged up 0.32% month on month, while the figure increased 0.25% in Guangzhou and climbed 1.39% in Shenzhen.

Residential property prices declined 4% year on year last month, while rents for residential properties grew 1.2% compared with the corresponding period of last year, sources said.