• Beijing February new home prices +12.9% y/y (prior +10.3%)

  • Shanghai new home prices +20.6% y/y (prior +17.5)
  • 'All China' (Reuters calculation) new home prices +3.6% y/y (+2.5% prior)
  • China February new home prices rise y/y in 32 cities (was 25 in January)
  • New home prices rise m/m in 47 cities (prior 38)
  • Beijing February existing home prices rise 3.2% m/m
  • Shanghai February existing home prices rise 5.3% m/m
  • Beijing February new home prices rise 2.1% m/m
  • Shanghai February new home prices rise 2.4% m/m

Flows of investment back into property continue. Ever since the stock market got trashed the old standby, property, has come back into vogue.