CH New Home Prices m/m

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. New-home prices in 70 cities, excluding state-subsidized housing, slid 0.71% from April, the most since October 2014, National Bureau of Statistics figures showed Monday. Values of existing homes dropped 1%, the sharpest decline since at least 2011 when China started using the current data collection method. China last month unveiled a broad real estate rescue package to address the ...

The National Bureau of Statistics published the February data for a 70-city sample of housing prices in China, which showed a continued price decline in line with expectations. Average primary market prices dropped -0.36% MoM and average secondary market prices dropped -0.62% MoM. Both were similar to the MoM declines in January. For new homes, 8 cities saw a MoM increase, 3 cities saw prices unchanged, and 59 cities saw a MoM decline. The biggest gain was a three-way tie at 0.4% MoM between Shanghai, Tianjin, and Wuxi. The steepest ...

China's January new home prices fell for the seventh straight month, official data showed on Friday, even as policymakers stepped up support to restore confidence in the debt-ridden sector. New home prices fell 0.3 per cent month-on-month after dipping 0.4 per cent in December, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Prices were down 0.7 per cent from a year earlier, marking the steepest fall in 10 months, compared with a 0.4 per cent fall in December. The property market, once a pillar of ...

China's new home prices fell for the fourth month in October, official data showed on Thursday, as government support measures did little to lift the gloom hanging over the country's consumers and its debt-laden property sector. New home prices fell 0.3% month-on-month after a 0.2% dip in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Compared with a year earlier, prices were down 0.1%, matching a decline in September, August and July. Despite the lifting of strict COVID measures late ...

China's housing market led by first-tier cities is showing signs of regaining stability on the back of recent supportive measures, indicating the current downturn in home prices might have been checked for now, paving the way for a mild recovery, industry experts said on Thursday after reviewing the latest data. In September, China's top four cities Beijing, Shanghai, and Shenzhen and Guangzhou in Guangdong province - extended year-on-year recovery in prices of new homes, which rose by 0.7 percent but were flat month-on-month. In ...