China house prices:

  • All China November new home prices -3.7% y/y (prior -2.6% y/y) – via Reuters calculation
  • November Beijing new home prices -2.1% y/y (prior -1.3%)
  • November Shanghai new home prices -2.9% y/y (prior -2.0%)
  • November new home prices fall y/y in 68 cities out of 69; (prior 67)

From FastFT:

  • Annual prices had been rising as much as 9.6 per cent at the start of this year
  • Cooled since as the economy slows and many mid-sized Chinese cities suffer from a glut of apartments
  • Investors shift focus from the property market into equities