Free Trial

CHINA: House Price Trends Continue to Improve.

CHINA
  • Further signs that the impact of the various stimulus measures are flowing through to the property sector were evidenced in the December New and Used House price data released today.  
  • China New Home Prices MoM -0.084% vs prior -0.201%
  • China Used Home Prices MoM -0.314% vs prior -0.347%
  • For both new and used prices, this is the fourth consecutive month of improvement with new home price declines the least since June 2023.
  • New home prices rose in 23 cities Mom vs 17 in November.
  • New home prices rise in 2 cities y/y vs 3 in November.
  • Used home prices rise in 9 cities m/m vs 10 in November.
  • None of the 70 cities contained in the survey saw a rise in used home prices from a year ago.
  • Beijing new home prices -0.1% MoM; -5.4% y/y.
  • Shanghai new home prices +0.5% MoM; +5.3% y/y.
  • Beijing existing home prices +0.5% m/m; -4.5% y/y
  • Shanghai existing home prices +0.9% m/m; -3.4% y/y.
151 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Further signs that the impact of the various stimulus measures are flowing through to the property sector were evidenced in the December New and Used House price data released today.  
  • China New Home Prices MoM -0.084% vs prior -0.201%
  • China Used Home Prices MoM -0.314% vs prior -0.347%
  • For both new and used prices, this is the fourth consecutive month of improvement with new home price declines the least since June 2023.
  • New home prices rose in 23 cities Mom vs 17 in November.
  • New home prices rise in 2 cities y/y vs 3 in November.
  • Used home prices rise in 9 cities m/m vs 10 in November.
  • None of the 70 cities contained in the survey saw a rise in used home prices from a year ago.
  • Beijing new home prices -0.1% MoM; -5.4% y/y.
  • Shanghai new home prices +0.5% MoM; +5.3% y/y.
  • Beijing existing home prices +0.5% m/m; -4.5% y/y
  • Shanghai existing home prices +0.9% m/m; -3.4% y/y.