Following on from the data earlier, the Wall Street Journal have this (gated):
China Home Prices Weaken Further
China’s Real Estate Slump Continued in August, With the Average Price of New Homes Declining 1.10% From July
- The average price of new homes in 70 Chinese cities fell at a faster pace in August
- Property developers continued to cut prices
- Excluding public housing, private sector home prices fell in 68 of the 70 cities in August
- Home sales in China in the first eight months of the year fell 10.9%
