Related News
Home » Business » Real Estate
Home prices continue to head south
HOME prices in China kept heading south at a milder pace in January, with mixed performances in different-tier cities, a latest national survey showed.
Price drops were recorded in 64 cities last month, compared to 66 in December. Prices were flat in four, compared to three in November, while rising in two cities, which was an increase of one from a month earlier, the National Bureau of Statistics, which tracks house prices in 70 major cities, said on its website yesterday.
“We saw notable diversifications across the country,” said Liu Jianwei, the bureau’s senior statistician. “While first- and second-tier cities registered virtually no change in price, drops of more than 0.5 percent month-over-month were found in third-tier cities.”
Average price of new homes in the country’s four first-tier cities rose for the second consecutive month in January. In the existing housing market, there was momentum for the fourth straight month. In second-tier cities, a slower pace of price decline extended, while in third-tier, home price continued to drop at a faster rate, the data showed.
Nationwide, new home prices in Quanzhou, in southeast China’s Fujian Province, fell 1.7 percent from December to lead the drop. That compared with a maximum 1.3 percent decline in December.
Shenzhen in Guangdong Province, and Ganzhou, in Jiangxi Province, registered new home price increases last month. Prices remained unchanged in Shanghai, Guangzhou, Nanjing and Nanchang. Beijing was the only city among the four first-tier ones that saw a price retreat. New home price in the capital city shed 0.1 percent from December.
On an annual basis, new home prices in 69 of the 70 cities declined, compared to 68 in December. The prices of pre-occupied homes rose in only three cities from a year earlier, unchanged from December, the bureau said.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.