China new home prices in February 0% m/m (prior +0.1%) and +2% y/y (prior 2.3%)

  • All China new home prices flat on the month for Feb 2022 (Reuters with the calculation)

China new home prices.

  • To further decimal place -0.13% m/m

Major cities outperformed:

  • Beijing +5.5% y/y, +0.6% m/m
  • Shanghai +4.1% y/y, +0.5% m/m
  • Shenzhen +3.8% y/y, +0.4% m/m
  • Guangzhou +4.2% y/y, +0.6% m/m

Meanwhile mainland stocks are opening strongly:

  • Shanghai Comp +1.4%

HK bouncing also, Hang Seng +3%

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