That headline is the 'all China new home prices' via Reuters calculation
More, these via the stats bureau:
March Beijing new home prices -0.6 pct y/y (Feb -0.3 pct) - stats bureau
- +0.1 pct m/m (feb -0.3 pct)
March Shanghai new home prices -0.3 pct y/y (feb -0.6 pct)
- +0.2 pct m/m (feb -0.2 pct)
Guangzhou new home prices +0.8 pct y/y (feb +3.1 pct)
- +0.2 pct m/m (feb -0.4 pct)
Shenzhen new home prices -2.3 pct y/y (feb -2.5 pct) -
- -0.1 pct m/m (feb -0.6 pct)
All china march new home prices +4.9 pct y/y (feb +5.2 pct) - Reuters calculation
- +0.4 pct m/m (feb +0.2 pct) - Reuters calculation
Gains on a m/m basis for nearly all those cities listed, the pace is picking up (a little) again - looks like best gains for 3 months. officialdom in China is trying to combat excessive leverage and excessive house price rises ... all while trying to ensure economic growth and stability. The property market is a big driver of demand in China, so its a tightrope.