- Shanghai January existing home prices up 14.4% y/y
- Beijing January existing home prices up 23.7% y/y
- Shanghai January existing home prices up 2.7% m/m
- Beijing January existing home prices up 2.3% m/m
- Shanghai January new home prices rise 17.5% y/y
- Beijing January new home prices rise 10.3% y/y
- Shanghai January new home prices rise 2.2% m/m
- Beijing January new home prices rise 1% m/m
- China January new home prices rise m/m in 38 cities; 39 in December
- China January new home prices rise y/y in 25 cities; 21 in December
- January New home prices rise m/m in 38 cities; 39 in December
- China January new home prices ex affordable up in 38 cities m/m
The 2.5% rise in new home prices across China (Reuters with that calculation) is the 4th rise in succession. According to these data the housing market has indeed stabilized. Doubts and fears will remain, though, with still high inventory reported in many cities. While new investment and construction will be likely in the bigger cities, in these other areas the inventory will weigh.
