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     BEIJING (MNI) - MNI highlights five points from data on housing prices
released by China's National Bureau of Statistics (NBS) on Saturday:
     - The average price of new homes in 70 major cities, excluding subsidized
units, increased 10.3% y/y in November, the fastest gain in 18 months, compared
with 9.7% gain in October,according to MNI calculations. On m/m monthly basis,
average price gained 1.0%, unchanged from October.  
     - Gains in housing prices in the top 15 cities expanded in October. The
average price of 15 cities rose 0.8% m/m, picking up from 0.6% in October. Price
gained 5.1% y/y, the sharpest since August 2017.
     Table 1: China Residential Property Prices - Average Price Increases
Average Price Chg %               Nov  Oct  Sep  Aug  Jul  Jun  May   Apr
-------------------------------------------------------------------------
15-Top cities               M/M   0.8  0.6  0.4  1.1  0.8  0.9  0.5   0.0
                            Y/Y   5.1  4.2  3.6  2.9  1.6  0.8  0.0  -0.5
70-Large and medium Cities  M/M   1.0  1.0  1.0  1.5  1.2  1.1  0.8   0.6
                            Y/Y  10.3  9.7  8.9  8.0  6.6  5.8  5.4   5.3
     Source: MNI - MNI Calculation based on NBS data 
     - The numbers of cities which reporting housing price increases on a
monthly basis eased from September - 63 out of 70 cities (65 in Oct) and 11 out
of 15 top cities (13 in Oct). 
     Table 2: China Residential Property Prices - No. of cities where prices are
rising/falling
No. Cities Rising/Falling                 Nov  Oct  Sep  Aug  Jul  Jun  May  Apr
--------------------------------------------------------------------------------
15-Top cities M/M                   Rise   11   13   11   12   11   10    9    8
                                    Fall    3    2    2    1    2    2    5    7
                                Net Rise    8   11    9   11    9    8    4    1
70-Large and medium Cities M/M      Rise   63   65   64   67   65   63   61   58
                                    Fall    5    4    3    1    3    4    7   10
                                Net Rise   58   61   61   66   62   59   54   48
15-Top cities Y/Y                   Rise   13   12   12   13   11    8    7    5
                                    Fall    2    3    2    2    4    7    8   10
                                Net Rise   11    9   10   11    7    1   -1   -5
70-Large and medium Cities Y/Y      Rise   68   67   67   68   65   61   62   59
                                    Fall    2    3    2    2    4    9    8   10
                                Net Rise   66   64   65   66   61   52   54   49
     Source: MNI - MNI Calculation based on NBS data 
     - Pre-owned home prices, which gauges a more active property market, fell
in all four tier-1 cities m/m, while two cities fell y/y.
     - New-home price in Hohhot, the capital of Inner Mongolia, registered
sharpest monthly gain at  2.9%. On y/y basis, Haikou, the capital of tropical
Hainan province, recorded the most gain for the fourth month at 23.0%. The city
benefited from a policy announced in April calling for further opening up of the
island in the South China Sea to foreign investment . 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MAQDS$,M$A$$$,M$Q$$$]