Up or Down? (July 2018)

31/08/2018

Image: BWPI

​​​chinaurbanisationnews

Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in July 2018​

The house prices in China have been rising at fast pace in recent months. Average new home prices in 70 cities increased at 5.8 percent in July on a year on year basis, which is the steepest annual gain since September 2017. The acceleration in price growth has started since April as the monthly gains between April and July are 0.5, 0.7,1 and 1.21 percent respectively.

As for cities, the new house prices in tier 1 cities keep steady compared to the same month last year. The two biggest month-on-month increases were recorded in Hainan island, both Haikou and Sanya saw price increases at more than 15% annually. 65 cities out of 70 cities recorded higher prices, surpassing the 59 cities in April. Many suggest that third tier cities drove this round of price growth due to the lowest housing stock in years.​

Image: China.com

​I. Sales Prices of Newly Constructed Residential Buildings (excluding affordable housing).

Year-on-Year price changes:

• Increased in 65 cities (top 5 cities are Haikou 19%, Sanya 16.5%, Dandong 14.9%, Kunming 14.7%, Dalian 13.2%)
• 1 city (Quanzhou) remained at the same level
• Decreased in 4 cities (Nanjing 1.9%, Wuxi 0.8%, Shenzhen 0.7%, Shanghai 0.2%)

---

 

Image: BWPI

​​II. Sales Prices of Second-Hand Residential Buildings.
​
​Year-on-Year price changes:

• Increased in 64 cities (top 5 cities are Urumqi 14.5%, Jining 10.4%, Sanya 10.4%, Kunming10.3%, Harbin 8.4%)
• No city remained at the same level
• Decreased in 6 cities (Xiamen 5%,Beijing 3.5%, Shanghai 2.2%, Zhengzhou 1.3%, Nanjing 0.7%, Fuzhou 0.3%)

 

​Read the original article at stats.gov

2017/05/31
Up or Down? (April 2018)

2017/11/23
Up or Down? (October 2017)

2017/10/27
Up or Down? (September 2017)

2017/09/26
Cities Innovate with Housing Changes

​

Wechat

...social
...housing
...environment
...transportation
...development