The data is here, from earlier.
This report from CNBC, in brief:
- China’s house prices rose at their slowest annual pace so far this year in June
- Du Jinsong, head of Asia property research at Credit Suisse, told CNBC Chinese authorities would likely be pleased with the slowdown in prices – “What [the government] would want is a slight decline in housing price to alleviate the concerns on fixed asset inflation but they don’t want a free fall of housing prices. From the central bank perspective this set of data are probably okay. It’s down sequentially but not that much,” he said.
- Jinsong expects house prices to continue increasing on a year-on-year basis in 2014, but said growth rates would continue to slow. … “The percentage will get narrower and narrower especially in September and October, when there will a lot of new projects coming on to the market and I’ve been told by many developers that in order to compete they will need to cut prices,” he said.
More detail at the link
