Wednesday, April 20, 2011

China Official House Price Numbers

Seems to be a bit of a discrepancy with other analysts' numbers.

More Chinese cities see home prices slip
Among major cities, Beijing prices were unchanged, while Shanghai saw a scant 0.2 percent rise, the statistics bureau said.
prices of new builds were lower in 12 of the 70 major cities tracked in March compared with February.
Eight cities had seen prices decline in February, while just three did so in January.
As for pre-existing home sales, 16 cities reported price declines in March, up from four in February. Prices remained unchanged in 10 cities.

From NBS directly
The number of cities with [new construction] sales price decreased amounted to 46, 16 cities more than the previous month. In March, the growth rate of sales price in 26 cities exceeded 5.0 percent, 2 cities more than that was in February.
More sign of speculation moving into the 3rd tier.

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