China home prices rise 1.4% m-o-m in Aug, highest in two years
[BEIJING] China's new home prices rose 1.4 per cent in August from a month earlier, accelerating from July's increase of 1.1 per cent, Reuters calculated from data published on Saturday by the National Bureau of Statistics (NBS).
That marks the fastest price gain since September 2016, and the 40th straight month of price increases, according to Reuters calculations.
On a yearly basis, average new home prices in China's 70 major cities increased 7 per cent, the fastest since August 2017 and quickening from the 5.8 per cent gain in July.
China's property market has been heating up, despite tighter curbs meant to rein in a real estate boom that has spilled over from its megacities to the hinterland.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand