Via Reuters calculation: All China July new home prices +9.7 pct y/y (June +10.2 pct)

More:

July Beijing new home prices +8.9 pct y/y (June +10.7 pct)

  • Shanghai new home prices +7.3 pct y/y (June +8.6 pct)
  • Guangzhou new home prices +16.7 pct y/y (June +17.8 pct)
  • Shenzhen new home prices +0.5 pct y/y (June +2.7 pct)

All China July new home prices +0.4 pct m/m (vs +0.7 pct prev month) - Reuters calculation

  • Beijing new home prices -0.1 pct m/m (vs -0.4 pct prev month )
  • Shanghai new home prices unchanged m/m (vs -0.2 pct prev month)
  • Shenzhen new home prices -0.2 pct m/m (vs unchanged prev month)

New home prices rose m/m in 56 cities in July (was 60 in June) & rose in 70 cities y/y (70 in June)

The y/y home price growth is the slowest since August of 2016

For existing houses:

  • Beijing -0.8% m/m & +13.1% y/y
  • Shanghai -0.4% m/m & +7.4% y/y

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Looks like there is more work to do to calm house price growth in China?