China’s Home-Price Growth Slows for Third Month as Curbs Bite

China’s Home-Price Growth Slows for Third Month as Curbs Bite

Bloomberg  | Sep 17, 2019 04:09

China’s Home-Price Growth Slows for Third Month as Curbs Bite

(Bloomberg) -- China home-price growth slowed for a third month in August, as an array of curbs help take the heat out of the housing market.

  • New-home prices, excluding state-subsidized housing, rose 0.58% last month from July in 70 major cities, National Bureau of Statistics data showed Tuesday. That’s slightly slower than the 0.59% increase a month earlier.
Key Insights

  • A report Monday showed home sales rose the fastest in 13 months, and the combination of robust sales and milder price growth is just what the government is after. Policymakers are trying to juggle the need to take the heat out of the housing market without hobbling a key plank of growth in a slowing economy.
  • The challenge now will be maintaining that balance. Home sales will probably decline in the second half as the diminishing prospect of price growth deters buyers, according to Nomura Holdings Inc. property analyst Leif Chang.
  • The slowdown was more noticeable in mid-size and smaller cities, while growth accelerated in larger cities including Shanghai and Shenzhen.
  • The deepening slowdown is bad news for developers, already facing financing pressures, as they gear up for what is traditionally a strong sales season in September-October. Many have already shrunk their workforces in preparation for tough times ahead.
Get More

  • The Unlikely Chinese Cities Where House Prices Rival London
  • Evergrande Faces $53 Billion of Maturities in Tough Market
  • Top Chinese Developers Shrink Workforce in Sign of Tough Times
  • For more detail from Tuesday’s data, click here
To contact Bloomberg News staff for this story: Emma Dong in Shanghai at

To contact the editors responsible for this story: Katrina Nicholas at, Peter Vercoe

©2019 Bloomberg L.P.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
Saving Changes


Download the App

More markets insights, more alerts, more ways to customize assets watchlists only on the App is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.