China’s overall housing market remained resilient in June according to official NBS data on Tuesday, with the average property price rising 0.7% for the month and 10.2% on an annual basis (fractionally below the 10.4% yoy increase in May) even as the decline in Tier 1 cities accelerated and home prices in Beijing fell for the first time in more than two years, while Shanghai declined further and Shenzhen stalled, pointing to significant cooling in China’s biggest real estate markets.