Home » Business » Real Estate
NBS data: Fewer Chinese cities see increase in new home prices
Print Edition
THE number of Chinese cities seeing month-on-month price growth declined for another month in February amid continuously easing sentiment among homebuyers, official data showed yesterday.
Excluding government-subsidized affordable housing, prices of new residential properties rose in 57 cities around the country last month, according to data released by the National Bureau of Statistics, which monitors both new and existing housing prices in 70 major cities. That compared with 62 cities in January and 65 cities in December.
In the existing home market, 46 cities recorded price hikes from a month ago, compared with 48 cities in January.
“Tightened credit as well as property curbs implemented in some cities since late last year have been altering some buyers’ expectations, leaving more homeseekers on the sidelines,” said Yan Yuejin, an analyst at E-House China R&D Institute, a property service provider and research body.
Slower price growth has been found in the four first-tier cities, the bureau’s data showed. In Beijing and Guangzhou, monthly price increase both narrowed by 0.2 percentage points in February to 0.3 percent and 0.5 percent, respectively, whereas in Shanghai and Shenzhen, new home prices gained 0.4 percent and 0.3 percent last month, compared with a growth of 0.5 percent and 0.4 percent, respectively, registered in January.
On an annual basis, 69 cities, or all cities except Wenzhou in Zhejiang Province, recorded new home price rises, unchanged from January and December. Shanghai, with a gain of 18.7 percent, continued to lead all gainers around the country for the fifth straight month.
Government data released last week confirmed rather sluggish momentum recorded nationwide in the first two months of this year. The value of new homes sold across the country fell 5 percent from the same period a year earlier to 598.5 billion yuan (US$96.7 billion) between January and February, whereas by volume, sales shed 1.2 percent year on year to 93.77 million square meters, the bureau said.
In the existing market, 69 cities recorded year-on-year price gains, led by a 15.9 percent rise in Beijing. That compared with a maximum 18.4 percent annual growth also registered in the capital in January.
- 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.
