China house prices fall at slower pace in August
[BEIJING] China's home prices fell at a slower rate in August than the previous month, an independent survey showed on Monday, as more local governments loosened purchasing restrictions to prop up sales.
The average price of a new home in 100 major cities was 10,771 yuan (S$2,200) per square metre last month, down 0.59 per cent from July, the China Index Academy (CIA) said.
It was the fourth month-on-month decline in a row, but the rate of the fall was slower than the 0.81 per cent recorded in July, according to CIA data.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents