House prices still on the up, but the pace of gains slowing a tad

More:

  • All China new home prices +12.2% y/y (December +12.4%)
  • Beijing new home prices +24.7 pct y/y (December +25.9 pct) ... unchanged m/m
  • Shanghai new home prices +23.8 pct y/y (December +26.5 pct) ... -0.1% m/m
  • Beijing existing home prices +0.8% m/m and +34.6% y/y
  • Shanghai existing home prices -0.4% m/m, +28.7% y/y

Summary:

  • Home prices increased last month in the fewest cities since in a year
  • New-home prices higher in January in 45 of the 70 cities tracked by the government (46 in December)
  • Prices fell in 20
  • Unchanged in 5