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在线翻译:
szdaily -> Business
September home prices continue to stabilize
    2017-October-24  08:53    Shenzhen Daily

THE country’s property market continued to stabilize as home prices faltered or posted slower growth in major cities amid tough policies to curb speculation, official data showed yesterday.

New residential housing prices saw slower growth in 15 major Chinese cities in September compared with the same period last year, the National Bureau of Statistics (NBS) said.

On a month-on-month basis, new residential housing prices either fell or remained flat in those cities.

Of 70 cities surveyed, home prices in 44 cities rose month on month, compared with 46 in August.

The cooling showed that housing control policies in different cities are taking effect, according to NBS statistician Liu Jianwei.

Chinese authorities have increased efforts to rein in housing speculation and contain asset bubbles since late last year via measures including purchasing restrictions and minimum down payment hikes.

For the 12th consecutive month, growth of both new and second-hand home prices in first-tier cities slowed from a year earlier.

In Beijing, Shanghai, and Guangzhou, new residential housing prices declined in September from a month earlier, while those in Shenzhen have remained unchanged.

New home prices in second-tier cities climbed 0.2 percent month on month, on par with growth in August, while in smaller third-tier cities, new and second-hand home prices went up 0.2 and 0.3 percent, respectively, lower than growth last month.

The property market was also cooled by relatively tightened liquidity as the government moved to contain leverage and risk in the financial system.

Earlier data from the People’s Bank of China showed that loans to China’s real estate sector continued to grow at a slower pace with outstanding loans up 22.8 percent year on year to 31.1 trillion yuan (US$4.7 trillion) by the end of September, 1.4 percentage points lower than the rate seen at the end of June.

Despite the cooling measures, China’s economy expanded a robust 6.9 percent year on year in the first three quarters, well above the government target of 6.5 percent for the year.

Analysts expect housing controls to last for the rest of the year at least.

Wang Menghui, the minister of housing and urban-rural development, said Sunday that the property market would see slower growth in transaction volume and stabilizing prices in the fourth quarter.

Authorities are studying a “long-term mechanism” for real estate regulation and advancing legislative work on the development of the home rental market, Wang said.

He pledged to move faster to implement a housing system that ensures supply through multiple sources, provides housing support through multiple channels, and encourages both housing purchase and renting.

(SD-Xinhua)

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