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China's home price growth decelerates

English.news.cn   2014-04-18 09:54:34
 • Home prices in major Chinese cities grew at a slower pace in March.
 • Of a statistical pool of 70 major cities, 56 saw month-on-month gains in new home prices in March.
• For existing homes, prices increased in 42 cities in March, also down from 46 in the previous month.

 

Home prices in major Chinese cities grew at a slower pace in March, with fewer cities reporting month-on-month price gains, the National Bureau of Statistics (NBS) announced on Friday. (Xinhua photo)

BEIJING, April 18 (Xinhua) -- Home prices in major Chinese cities grew at a slower pace in March, with fewer cities reporting month-on-month price gains, the National Bureau of Statistics (NBS) announced on Friday.

Of a statistical pool of 70 major Chinese cities, 56 saw month-on-month gains in new home prices last month, down from 57 in February.

For existing homes, prices increased in 42 cities in March, also down from 46 in the previous month, the data showed.

Month on month, new homes in four cities saw prices decline while 14 cities saw prices drop in existing homes.

Year on year, prices of new homes increased in 69 cities last month, even though 68 of them saw the rates of growth moderating, said Liu Jianwei, a senior statistician at the NBS.

In 58 cities, the growth rates also decelerated in the prices of existing homes in March, Liu said.

Price gains in fewer cities and a price growth moderation have come about amid sluggish property sales and an economic slowdown in the first quarter of 2014.

The NBS data showed 201.11 million square meters of property were sold in the first quarter, down 3.8 percent year on year. The sagging market also led to a slide in economic growth, which slowed to 7.4 percent in the first quarter, down from 7.7 percent in the last quarter of 2013.

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Video >> China's home prices stagnate, purchases fall in 2014

Video >> China's official home prices see slight uptick in Jan.

Home price growth slows, further moderation eyed

BEIJING, March 18 (Xinhua) -- Home price in major Chinese cities grew at a slower pace in February, with fewer cities seeing month-on-month price rises, official data showed on Tuesday.

Last month, new home prices in 70 major cities tracked by the National Bureau of Statistics (NBS) rose by an average of 11.1 percent year on year, slowing by 1.3 percentage points from January, the NBS said in a statement. Full Story

More Chinese cities see home prices decline

BEIJING, Feb. 24 (Xinhua) -- Home prices dropped month on month in more Chinese cities in January, adding to signs of a gradually cooling property sector, official data showed on Monday.

Of a statistical pool of 70 major Chinese cities, 62 saw a month-on-month rise in new home prices, while prices in six cities declined, the National Bureau of Statistics (NBS) said in a statement. Full Story

Editor: Liu Dan
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