China's housing prices fell on a monthly basis for the seventh straight month in November, a survey showed on Sunday (Nov 30), with the market yet to feel the full impact of an interest rate cut. The average price of a new home in China's 100 major cities was 10,589 yuan (US$1,736) per square metre in November, down 0.38 per cent from October, the independent China Index Academy said in a statement. The...
China Property Prices
China's decline in property prices accelerated in July, an independent survey showed, adding to concerns over the sector, a key component of the world's second-largest economy. The average price of a new home in 100 major cities was 10,835 yuan ($1,757) per square metre last month, down 0.81 percent from June, the China Index Academy (CIA) said. It was the third consecutive monthly decline and an...
Property market exuberance could prompt authorities to step up curbs: Analysts New home prices in 70 major cities across China rose an average of 0.8 per cent in January from the same month a year earlier, according to data released yesterday by the National Bureau of Statistics, snapping 10 months of decline and raising the risk that the central government may move to bolster a three-year campaign to...
China’s average home prices rose from year-ago levels in January for the second month in a row, signalling that the property market recovery is gaining momentum after last year’s slump, Dow Jones Newswires reported on Friday. Analysts said the uptick in prices was due to strong demand from buyers who had rushed into the market amid widespread expectations that housing prices would climb further this...
Average home prices in China's 100 major cities edged up 0.03 per cent last month from December a year earlier, snapping eight months of decline and reinforcing signs of a property market recovery in Asia's largest economy, a widely-followed survey showed on Friday. The data from the China Real Estate Index System (CREIS) added to evidence that the real estate market has found support from broad monetary...
The average home price in China's 100 major cities edged up in July for the second consecutive month, reinforcing signs of a recovery in the property market even as the government seeks to spur broader economic growth, a private sector survey showed on Wednesday. The average price of 8,717 yuan (S$1,700) per square metre in the 100 cities surveyed was 0.33 per cent higher than June, accelerating from...
Chinese home prices fell last month from January for a fifth consecutive month and are expected to continue heading south in coming months, underlining the success of Beijing's long campaign to cool property market speculation. Average new home prices across China fell 0.1 per cent last month, versus a drop of 0.2 per cent in January, according to Reuters' weighted home price index based on data announced...
China's home prices for last month posted the biggest decline in 19 months as the government pledged to maintain curbs on property, according to SouFun Holdings, the nation's biggest real-estate portal. And market watchers expect prices to continue to fall, with no signs of the curbs easing in sight. Home prices dropped 0.3 per cent last month from January, according to SouFun, which began compiling the...
China's December home prices posted their worst performance last year, with only two of the 70 cities tracked posting gains, and may drop further as Beijing sticks to its campaign to bring housing costs back to levels that the government considers reasonable. Prices in 52 of 70 cities monitored by the government declined from the previous month, the National Statistics Bureau said yesterday. New home...
China's home prices fell for a fourth month in December as the government prolonged a crackdown on speculation that risks deepening the slowdown in the world's second-biggest economy. Property values in 100 major Chinese cities dropped 0.25 per cent to 8,809 yuan (S$1,800) per sq m in December from November, according to the China Real Estate Index System and online real-estate brokerage SouFun...