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DATA REACT: China Homes Prices

DATA REACT
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In September, China's home prices fell 0.71% m/m, slightly better than the 0.73% decline in August, according to data from the National Bureau of Statistics. New home prices dropped 6.09% y/y, worsening from a 5.69% fall in August.

  • New home prices rose in 3 cities m/m, up from 2 in August, while only 2 cities saw y/y gains (unchanged from August).
  • Used home prices decreased by 0.93% m/m and 9.02% y/y, slightly worse than the previous month’s figures.
  • No city reported a rise in used home prices either monthly or yearly.

China property stocks have saw little reaction to the data, Mainland Property Index trades +0.10% last, while BBG China Property Developer Gauge is +0.36%.

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In September, China's home prices fell 0.71% m/m, slightly better than the 0.73% decline in August, according to data from the National Bureau of Statistics. New home prices dropped 6.09% y/y, worsening from a 5.69% fall in August.

  • New home prices rose in 3 cities m/m, up from 2 in August, while only 2 cities saw y/y gains (unchanged from August).
  • Used home prices decreased by 0.93% m/m and 9.02% y/y, slightly worse than the previous month’s figures.
  • No city reported a rise in used home prices either monthly or yearly.

China property stocks have saw little reaction to the data, Mainland Property Index trades +0.10% last, while BBG China Property Developer Gauge is +0.36%.