China Jan home prices rise 0.2% m-o-m, yearly growth still strong
[BEIJING] Average new home prices in China's 70 major cities rose 0.2 per cent in January from a month earlier, slowing a touch from December, as government curbs continued to take the heat off the market, an official survey showed on Wednesday.
New home price growth has been slowing for four consecutive months since September, with only a 0.3 per cent monthly increase in December.
Compared with a year ago, home prices still rose 12.2 per cent, just off December's 12.4 per cent gain, according to data issued by the National Bureau of Statistics (NBS).
In China's biggest cities, Shenzhen, Shanghai and Beijing prices rose 18.2 per cent, 23.8 per cent and 24.7 per cent, respectively, from a year earlier, but Shanghai and Shenzhen's monthly pace slowed as local governments' tightening measures knocked demand.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender