China Property Prices

Chinese home prices at ‘turning point’

Chinese home prices are at a turning point and banks are concerned about a possible chain reaction if they fall by 20 per cent, the central bank said yesterday. "Real estate investment growth eased, developers' cash flows tightened, land transactions and prices fell," the People's Bank of China (PBOC) said, adding that "there are early signs that property prices are at a turning point." Chinese home...

China’s November home prices in biggest drop this year

Housing prices in 100 major cities in China dropped on a monthly basis for a third consecutive month in November and posted their biggest month-on-month decline this year, according to the privately compiled China Real Estate Index System (CREIS). The decline provides further evidence that the government's two-year tightening campaign is cooling the property market amid signals it is now trying to slow...

China home prices fall for second month

The average home price in China's 100 key cities fell 0.23 per cent in October from a month earlier, following Beijing's tightening measures to curb the exuberant housing market, a private survey showed on Tuesday. The China Real Estate Index System (CREIS), affiliated with Soufun, the country's largest online real estate firm, said the average home price dropped to 8,856 yuan (S$1,770) per square metre...

China home prices rise

China's new-home prices rose last month in all 70 cities monitored by policymakers, challenging the government's efforts this year to control property prices. Prices in Beijing rose by 1.9 per cent from a year ago, while those in Shanghai, the nation's financial centre, increased by 2.8 per cent, the statistics bureau said on its website yesterday. China's measures to control its property market are at a...

China’s home price rises at lowest rate this year

China's home price rose at its slowest rate this year as tightening measures led to a decline in transactions, the Dow Jones news agency reported Thursday. Housing prices edged up slightly by 0.07 per cent in August from July, compared with July's 0.21 per cent on-month increase, according to the China Real Estate Index System. However, from a year earlier, the average price for new properties was up 6.9...

New home prices quicken in Shanghai

New home prices rose in 67 Chinese cities last month, with growth in Beijing and Shanghai accelerating for the first time since the government stepped up efforts this year to curb growth. In Beijing, new home prices rose 2.2 per cent last month from a year earlier, compared with 2.1 per cent in May, while in Shanghai they climbed 2.2 per cent, compared with 1.4 per cent growth the previous month, the...

China’s home prices to fall later this year, says bank adviser

China's home prices will decline later this year, with sales volume already falling following purchase restrictions by local governments, said Mr Li Daokui, an adviser to the People's Bank of China (PBOC), the country's central bank. A 5- to 10-per-cent drop in home prices will be a "significant achievement", he said in Beijing yesterday. Cities such as Chengdu in south-western Sichuan province should be...

China home prices continue to rise

Residential property prices in China rose 0.95 per cent last month from a month earlier, up from December's increase of 0.90 per cent, a private data provider said yesterday. The China Real Estate Index System (CREIS) said home prices stood at an average 8,645 yuan ($1,677) per sqm in the 100 cities it covers in its survey. The CREIS data is closely watched by real estate investors who believe that it...

Home prices in China continue to climb

Residential property prices in China's 100 key cities rose 0.8 per cent last month from a month earlier, according to the China Real Estate Index System (CREIS). Shenzhen stood out as the city with the highest average property price at 24,601 yuan ($4,840) per sq m, followed by Shanghai, Beijing, Hangzhou and Sanya, the private data provider said. Housing prices in the country's 10 most expensive real...

Mass market housing in China remains affordable

Mass market housing in China remains affordable, and is unlikely to face the bubble pressures in the high-end segments and top-tier cities. Speaking at an investor conference, CapitaLand CEO Liew Mun Leong added that opportunities in the retail property segment across the mainland continue to expand. The China property market is hot. And fears of an asset bubble on the mainland have sparked government...

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