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Real Estate in Major Cities Cools, Stable Home Prices Trend in November’s Second Half, Data Shows


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(YicaiGlobal) Dec. 19 — Latest data from China’s National Bureau of Statistics (NBS) shows that the real estate markets of 15 first- and second-tier cities rapidly chilled in the second half of November, to show a stabilizing tendency in housing prices.

The NBS released information today on changes in the residential property sales prices of 70 large and medium cities in November, and of the first-tier cities and hot second-tier cities in the second half of the month. Compared with November’s first half, nine first-tier cities and hot second-tier cities saw a monthly decline in new commercial housing prices in the second half, with a drop of between 0.1 to 0.9 percentage points. Two cities flatlined, with the remaining four logging a growth rate of new commercial housing prices that fell to less than one percent per month.

The number of cities with a monthly increase in new commercial housing prices and second-hand housing prices fell in November in 70 big and mid-sized cities. Among these, the number with a monthly increase in new commercial housing prices decreased by seven, while those with a per-month increase in second-hand housing prices dropped by eight. More cities experienced a monthly decline. Contrasting with the previous month, the number of cities with a monthly decline in new commodity housing prices and second-hand housing prices was up by four and seven percentage points, respectively.

 

The NBS released information today on changes in the residential property sales prices of 70 large and medium cities in November, and of the first-tier cities and hot second-tier cities in the second half of the month. Compared with November’s first half, nine first-tier cities and hot second-tier cities saw a monthly decline in new commercial housing prices in the second half, with a drop of between 0.1 to 0.9 percentage points. Two cities flatlined, with the remaining four logging a growth rate of new commercial housing prices that fell to less than one percent per month.

 

The NBS released information today on changes in the residential property sales prices of 70 large and medium cities in November, and of the first-tier cities and hot second-tier cities in the second half of the month. Compared with November’s first half, nine first-tier cities and hot second-tier cities saw a monthly decline in new commercial housing prices in the second half, with a drop of between 0.1 to 0.9 percentage points. Two cities flatlined, with the remaining four logging a growth rate of new commercial housing prices that fell to less than one percent per month.

 

The NBS released information today on changes in the residential property sales prices of 70 large and medium cities in November, and of the first-tier cities and hot second-tier cities in the second half of the month. Compared with November’s first half, nine first-tier cities and hot second-tier cities saw a monthly decline in new commercial housing prices in the second half, with a drop of between 0.1 to 0.9 percentage points. Two cities flatlined, with the remaining four logging a growth rate of new commercial housing prices that fell to less than one percent per month.

 

The NBS released information today on changes in the residential property sales prices of 70 large and medium cities in November, and of the first-tier cities and hot second-tier cities in the second half of the month. Compared with November’s first half, nine first-tier cities and hot second-tier cities saw a monthly decline in new commercial housing prices in the second half, with a drop of between 0.1 to 0.9 percentage points. Two cities flatlined, with the remaining four logging a growth rate of new commercial housing prices that fell to less than one percent per month.

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