Latest news with #ChinaIndexAcademy
CNA
3 days ago
- Business
- CNA
New home prices in China rise on policy hope, private survey says
BEIJING: The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday (Jun 1). The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. "Overall, the current macro policy support for the property market has been increasing," the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. China's statistics bureau will release the official data for home prices on Jun 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested.
Business Times
3 days ago
- Business
- Business Times
New home prices in China rise on policy hope, private survey shows
[BEIJING] The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday (Jun 1). The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. 'Overall, the current macro policy support for the property market has been increasing,' the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up China's statistics bureau will release the official data for home prices on June 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested. Any signs of relief could help cushion China's economy from the stresses of a yet-unresolved trade war with the United States. REUTERS
Malay Mail
3 days ago
- Business
- Malay Mail
New home prices climb across China's big cities, boosted by stimulus, survey shows
BEIJING, June 1 — The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy today. The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. 'Overall, the current macro policy support for the property market has been increasing,' the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. China's statistics bureau will release the official data for home prices on June 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested. Any signs of relief could help cushion China's economy from the stresses of a yet-unresolved trade war with the United States. — Reuters
Reuters
3 days ago
- Business
- Reuters
New home prices in China rise on policy hope, private survey says
BEIJING, June 1 (Reuters) - The average price of new homes across 100 cities in China climbed 0.30% in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday. The increase was almost double the last month's rate of increase at 0.14%. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. "Overall, the current macro policy support for the property market has been increasing," the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56%, versus 2.50% in April. China's statistics bureau will release the official data for home prices on June 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71% from a month ago, and 7.24% year-on-year. That compared with April's declines of 0.69% and 7.23%, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70% of China's household wealth is invested. Any signs of relief could help cushion China's economy from the stresses of a yet-unresolved trade war with the United States.
South China Morning Post
04-05-2025
- Business
- South China Morning Post
China property market heats up in core cities amid recovery led by policy moves
China's property market is showing new signs of life as developers bid for rare, centrally located plots amid a retreat from strict price caps and a growing shift toward high-quality housing demand. Advertisement The average land premium in 22 major cities on the mainland has hovered at around 20 per cent for four consecutive months this year – well above the 5 to 10 per cent range seen in 2024 – after local governments started to relax price ceilings, according to a report from the China Index Academy. Analysts said this was an early sign of a potential recovery in the housing market, though structural challenges remain. In Nanjing, a site in the core Hexi area garnered a 43 per cent mark-up, the city's first premium to top 40 per cent since 2020. In Hangzhou, home to tech luminaries including Post owner Alibaba Group Holding and DeepSeek , private developer Binjiang Real Estate Group paid 5.2 billion yuan (US$715.1 million) for a plot of land with a premium nearing 70 per cent, the China Index Academy report said on April 24. 'The structural recovery in land transactions at the start of the year has injected fresh confidence into the market,' said Ma Qianli, a research director with property think tank China Real Estate Information Corporation (CRIC). As the momentum begins to spill over – and with continued progress on urban village redevelopment initiatives – the second half of 2025 could bring a more sustained and broad-based recovery for China's housing sector, he said. Advertisement The surge in land premiums is a shift from just a few years ago, when credit tightening and a pullback among homebuyers triggered the country's worst-ever property downturn. Depressed demand and government-imposed caps cast a further pall over auctions and bids during the Covid-19 pandemic. Local governments, which historically relied on land transfer revenues for their fiscal stability, have struggled to revive the auction market as private developers grappled with liquidity issues.
