Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's home prices generally stable in June

July 15, 2022


Abstract : China's home prices in 70 large and medium-sized cities displayed a generally stable trend in June, the National Bureau of Statistics (NBS) said Friday.

BEIJING, July 15 (Xinhua) -- China's home prices in 70 large and medium-sized cities displayed a generally stable trend in June, the National Bureau of Statistics (NBS) said Friday.

In June, 31 out of the 70 cities saw a month-on-month growth in new home sales prices, up 6 from May, data from the NBS showed.

Four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- saw their new home prices edge up 0.5 percent month on month in June, widening 0.1 percentage points from May.

New home prices in 31 second-tier cities reversed the month-on-month decline in May to register a growth of 0.1 percent, while 35 third-tier cities saw a month-on-month decline of 0.3 percent, the same level as that in May.

Prices of resale homes in the four first-tier cities increased 0.1 percent in June. Second-tier and third-tier cities saw their prices of resale homes inch down 0.1 percent and 0.3 percent on a monthly basis, respectively.

On a yearly basis, new home prices in the four first-tier cities rose 3.3 percent in June, down 0.2 percentage points from the rise in the previous month, while resale home prices in the regions climbed 1.1 percent, down 0.6 percentage points from the month before.

A key meeting of China's top decision-makers held in April called for efforts to improve real estate policies, a significant underpinning for the economy. The meeting reiterated the principle that "houses are for living in, not for speculation."

China's investment in property development went down 5.4 percent year on year in the first half to 6.83 trillion yuan (about 1.01 trillion U.S. dollars), NBS data showed Friday.

Scan the QR code and push it to your mobile phone

Keyword: home prices

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial