China home-price growth quickens in Feb; gains spread to smaller cities
Beijing
CHINA'S red-hot property market picked up pace in February after pulling back for four months, with average new home prices in the country's 70 major cities rising slightly in spite of a raft of new government curbs aimed at tempering speculative demand.
Compared with a month earlier, new home prices rose 0.3 per cent, quickening from January's 0.2 per cent increase, according to Reuters calculations from data issued by the National Bureau of Statistics (NBS) on Saturday. The monthly gain in price growth suggested speculation has yet to be contained even with more local governments rolling out restrictive measures amid fears that a furious rally over the past year could trigger a crash.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle
US rents climbed 1.5 times faster than wages in last four years
Australian budget to target housing woes with more construction workers