Prices in big cities have been in a huge rip, lower tier cities not quite so much
Beijing new home prices +4.9 pct y/y (Aug +23.5 pct)Shanghai new home prices +3.2 pct y/y (August +31.2 pct)Shenzen new home prices +1.9% y/y (+36.8% in August)
All China sept new home prices +4.3 pct y/y (AUgust+9.2
pct) - Reuters calculation
Forget all that ... Reuters just issuing corrections:
- Corrected-China Sept Beijing new home prices +27.8 pct (not +4.9 pct) y/y (aug +23.5 pct)
- Corrected-China Sept shanghai new home prices +32.7 pct (not +3.2 pct) y/y (aug +31.2 pct)
- Corrected-All China Sept new home prices +11.2 pct (not +4.3 pct) y/y (aug +9.2 pct) - reuters calculation
- China Sept Shenzhen new home prices +34.1 pct y/y (prev month +36.8 pct) - stats bureau
According to the data from the National Bureau of Statistics today the pace of increase has slowed, some cities recording falls m/m
Forget that too ....