You are here

China home prices rise 3.6% in February on year

Friday, March 18, 2016 - 09:46

37390734 - 05_02_2016 - HK PROPERTY.jpg
China's home prices rose 3.6 per cent in February, above the previous month's 2.5 per cent gain, an official survey showed on Friday, marking the quickest year-on-year increase since June 2014.

[BEIJING] China's home prices rose 3.6 per cent in February, above the previous month's 2.5 per cent gain, an official survey showed on Friday, marking the quickest year-on-year increase since June 2014.

Compared with a month earlier, home prices in February rose 0.6 per cent, up from January's 0.4 per cent, Reuters calculated from data issued by the National Bureau of Statistics(NBS).

The southern city of Shenzhen continued to be the top performer with home prices rising 56.9 per cent in February from a year ago.

Reuters started its weighted China home price index in January 2011 when the NBS stopped providing nationwide data, only giving home price changes in each of 70 major cities.

sentifi.com

Market voices on:

China's housing market bottomed out in the second half of 2015 on government support measures, but a strong rebound in prices in the biggest cities has sparked concerns that some markets may be overheating, raising fears of a property bubble.

The recovery remains uneven across the country as small cities still face huge inventories of unsold homes, discouraging new investment and construction.

REUTERS

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom