On China's Home Sale Transactions, Data Diverged

August 7, 2017

 

Total residential property sales transactions in Beijing fell 50% year on year in the month of July, latest data from local government research agency showed. Home prices in Beijing fell for the first time in more than two years in June,  release by the National Bureau of Statistics (NBS) showed. 

On the other hand, the national data agency NBS data says price growth in Shanghai and Beijing slowed to 8.6% and 10.7% in June from a year earlier, the national data agency said. From a month earlier, prices in Beijing fell 0.4%, marking the first fall since February 2015. Shanghai prices slipped 0.2%, the national data bureau said. The monthly national housing data overview released by the NBS of China does not specify sales transaction numbers in each city.

 

 

By local government specific department data which wasn't selected to publish in residential property prices national review - total new home sales transactions in the first seven months this year deceased 56% from same time period last year in the city of Shanghai, according to government housing committee data on August 2; southern city of Shenzhen, total transactions shrank 30% year on year in the month of July; total property transactions have been falling for ten consecutive months, according to latest data in government land resources department.

 

 

 -  Staff Writer APMR News

Article published on : 2017  August 5,  5:45 pm GMT+800

Article last updated : 2017  August 6,  8:55 pm GMT +800

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