-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Smaller cities drive new home prices
    2017-December-19  08:53    Shenzhen Daily

GROWTH in China’s new home prices sustained its momentum in November, with increases seen in provincial centers and smaller cities in a sign policymakers may need to step up curbs to rein in speculation in the property market.

China’s housing market boom has lasted more than two years, giving the economy a major boost but stirring fears of a property bubble, with the government taking stern measures to curtail speculative buying.

Average new home prices in China’s 70 major cities rose 0.3 percent in November from the previous month, in line with October’s price gains, media calculated from National Bureau of Statistics (NBS) data out yesterday.

The majority of the 70 cities surveyed by the NBS still reported a monthly price increase for new homes. Fifty cities reported higher prices in November, unchanged from October, indicating broad strength in markets nationwide.

New home prices rose 5.1 percent year on year in November, down from October’s 5.4-percent increase as the pace of growth slowed in the face of government efforts to engineer a soft landing in the housing market.

Central bank data last week showed household loans, mostly mortgages, rose to 620.5 billion yuan (US$93.89 billion) in November from 450.1 billion yuan in October, according to calculations.

While monthly price rises peaked in September 2016 at 2.1 percent nationwide, they have softened only slowly, regaining momentum as buyers shrugged off each new measure to curb speculation.

Prices for new private homes in top-tier cities fell another 0.1 percent in November, after a 0.1-percent decline in October, the NBS said in a note accompanying the data.

In Shenzhen, prices fell 0.2 percent after sliding 0.1 percent in October. They fell 3.1 percent from a year earlier.

As mega-cities like Beijing impose increasingly stringent measures, speculators have moved to smaller centers.

(SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn