Latest news with #new home prices
South China Morning Post
4 days ago
- Business
- South China Morning Post
China's home prices continue slide as support measures fail to budge sentiment
A gauge of new home prices in China slid 0.3 per cent in July, adding to the steepest drop in eight months in June as a slew of recent government support measures did little to revive citizens' interest in property investment. Advertisement The month-on-month drop in new home prices across 70 major cities matched the decline in the previous month, which was the sharpest since a 0.5 per cent fall in October, according to National Bureau of Statistics data released on Friday. New home prices have been sliding since April 2022 on a year-on-year basis. Last month, they fell by 3.4 per cent from a year earlier, narrowing from a 3.7 per cent decline in June. Authorities have introduced a series of measures since September to support the housing sector. This month, the Beijing municipal government made a surprise move to lift home-purchase restrictions in the city's outlying areas, a step analysts said could signal similar measures in Shanghai and Shenzhen. Advertisement Prices in China's four first-tier cities fell 0.2 per cent in July from a month earlier, when they dropped 0.3 per cent. In the southern metropolises of Guangzhou and Shenzhen, prices declined steadily over the last quarter, falling 0.3 per cent and 0.6 per cent, respectively. In Beijing, July prices were unchanged, while Shanghai continued to buck the trend, with prices rising 0.3 per cent to cap more than three years of increases.
South China Morning Post
4 days ago
- Business
- South China Morning Post
China's home prices continue slide as support measures fail to budge sentiment
A gauge of new home prices in China slid 0.3 per cent in July, adding to the steepest drop in eight months in June as a slew of recent government support measures did little to revive citizens' interest in property investment. The month-on-month drop in new home prices across 70 major cities matched the decline in the previous month, which was the sharpest since a 0.5 per cent fall in October, according to National Bureau of Statistics data released on Friday. New home prices have been sliding since April 2022 on a year-on-year basis. Last month, they fell by 3.4 per cent from a year earlier, narrowing from a 3.7 per cent decline in June. Authorities have introduced a series of measures since September to support the housing sector. This month, the Beijing municipal government made a surprise move to lift home-purchase restrictions in the city's outlying areas, a step analysts said could signal similar measures in Shanghai and Shenzhen. Prices in China's four first-tier cities fell 0.2 per cent in July from a month earlier, when they dropped 0.3 per cent. In the southern metropolises of Guangzhou and Shenzhen, prices declined steadily over the last quarter, falling 0.3 per cent and 0.6 per cent, respectively. In Beijing, July prices were unchanged, while Shanghai continued to buck the trend, with prices rising 0.3 per cent to cap more than three years of increases.
Reuters
15-07-2025
- Business
- Reuters
China's new home prices fall at fastest pace in 8 months in June
BEIJING, July 15 (Reuters) - China's new home prices declined at the fastest pace in eight months in June from the previous month, official data showed on Tuesday, underscoring the challenges policymakers face in reviving demand in the sluggish sector even after multiple rounds of support policies. The 0.3% month-on-month drop, calculated by Reuters based on data released by the National Bureau of Statistics, extended a weak trend that has persisted since May 2023. Prices had fallen 0.2% on month in May. On an annual basis, new home prices in June fell 3.2%, versus a 3.5% drop in May.
