Home 禄 Business 禄 Real Estate
August new home price falls for 4th month
Print Edition
THE weak momentum in China’s real estate market continued for the fourth straight month in August though the average price of new homes fell by a slower pace, a report released yesterday by the China Index Academy showed.
The average price of new homes in 100 cities dipped 0.59 percent from July to 10,771 yuan (US$1,752) per square meter last month, the academy said. The price shed by 0.81 percent in July, 0.5 percent in June and 0.32 percent in May, which was the first month-on-month drop since June 2012.
“The country’s housing market is still undergoing a correction at the moment, with most cities registering smaller price drops compared with a month earlier,” the academy said.
“Meanwhile, the relaxation of home purchase restrictions in some second and third-tier cities will somewhat help boost short-term sales while September and October, traditionally high season for property purchase in China, might also lead to a seasonal rebound in transactions.”
Over 80 percent of the 46 cities have eased their home purchase curbs as local governments intervene to counteract sluggish sales.
Across the country, prices fell in 74 of the 100 cities tracked by the academy, down from 76 in July. Of these, 31 cities suffered drops above 1 percent, a decrease of eight from a month earlier.
In the 10 largest cities, the average price of a new home shed 0.53 percent to 19,226 yuan per square meter in August, compared with a 0.97 percent drop in July and a 0.45 percent retreat in June.
Hangzhou led with a 1.81 percent monthly decline, followed by Chongqing and Wuhan with a drop of 1.66 percent and 1.58 percent, respectively. In Shanghai, new home prices fell 0.33 percent from July, the academy said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
