Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

China Home Price Growth Muted in May

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/15/2018 | 04:54am CEST

By Dominique Fong

BEIJING--China home price growth in May was generally flat versus a year ago, but hope for better economic prospects in some cities fueled slight momentum.

The average price of new homes in 70 Chinese cities rose 0.8% in May from the month before, excluding government-subsidized housing, according to calculations by The Wall Street Journal based on data released Friday by China's National Bureau of Statistics. That compared with a 0.6% on-month gain in April.

Average new-home prices rose 5.3% more in both April and May than the same months in 2017.

Dandong, a city bordering North Korea, had the fastest annual and monthly price growth in May, with gains driven by potentially de-escalating tensions between Pyongyang and Seoul. Home prices were up 5.3% on-month and 11.7% on-year in the city.

Other smaller cities contributed to May's slight momentum. Southern cities Sanya and Haikou rose 2.4% and 2.1%, respectively. Both are situated on the island province Hainan, where the government has announced plans for a free-trade zone.

Meanwhile, price growth softened in China's four major cities. Beijing rose 8.9% and Guangzhou was up 0.1% from a year ago, but Shanghai declined 0.4% and Shenzhen fell 1.7% in the same period.

New-home prices rose in 61 of 70 cities in May from a month earlier--a slight rise over 58 in April. New home prices rose in 62 of 70 cities in May from a year earlier, compared with 59 in April.

Write to Dominique Fong at Dominique.Fong@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:16pMRB MALAYSIAN RUBBER BOARD : Darjah Sultan Ahmad Shah Pahang for LGM Director General
PU
05:56pUNECA UNITED NATIONS ECONOMIC COMMISSION FOR AFR : Former Secretary-General and global icon, Kofi Annan passes at 80
PU
05:31pUNECA UNITED NATIONS ECONOMIC COMMISSION FOR AFR : Statement by the Secretary-General on the passing of former Secretary-General Kofi Annan
PU
05:21pTHE PARTNERSHIP FOR CANADA’S 21ST CENTURY TAX COMMISSION : Add Your Voice Today!
PU
05:21pEXECUTIVE UPDATE : Statement by Lise Kingo, CEO & Executive Director of the UN Global Compact, on the passing of former UN Secretary-General Kofi Annan
PU
05:13pMARTIN WINTERKORN : Der Spiegel
RE
04:02pChina's top diplomat says supports Turkey's efforts to safeguard stability
RE
02:03pMARKET SNAPSHOT: Stock-market Investors Weather Turkey Storm, But Should Watch The Dollar
DJ
01:44pTurkey's Erdogan says to challenge 'games' on the economy
RE
01:06pCITY OF PALO ALTO CA : Household Hazardous Waste Drop Off Day (Events)
PU
Latest news "Economy & Forex"
Advertisement