From the SMH blog:
Average new home prices in China’s 70 major cities rose 9.6 per cent in January 2014 from a year earlier, easing from the previous month’s 9.9 per cent rise, according to Reuters calculations based on official data published today.
In month-on-month terms, prices rose 0.4 per cent in January, unchanged from December’s rise of 0.4 per cent.
The National Bureau of Statistics said new home prices in Beijing rose 14.7 per cent in January from a year earlier, compared with December’s year-on-year increase of 16 per cent. Shanghai prices were up 17.5 per cent in January from a year ago, versus 18.2 per cent annual growth in December.
China’s property market began to show signs of stabilising at the end of 2013, with home price rises easing in some major cities as local governments took further tightening measures.
Reuters started its weighted China home price index in January 2011 when the NBS stopped providing nationwide data, only giving home price changes in each of 70 major cities.
Curbs, such as they are, to remain in place.
