China's Property Market Faces Steep Declines Amid Easing Regulations

TL;DR Summary
China's home prices declined more sharply in September despite recent easing measures in major cities, with new-home prices dropping 0.41% and resale values falling 0.64%, marking the steepest decline in a year. The prolonged downturn in the property sector continues to weigh on the economy, with real estate investment hitting a low since 2014 and overall economic growth slowing to 4.8% in Q3. While some cities like Beijing and Shanghai saw slight price increases due to policy easing, others like Shenzhen experienced significant price drops, highlighting ongoing challenges in the housing market.
- China Home Prices Drop Faster Even as Top Cities Ease Rules Bloomberg.com
- China's new home prices fall at fastest pace in 11 months Reuters
- China's property investment falls 13.9% y/y in January-September TradingView
- National Bureau of Statistics (NBS): Selling Prices of Commercial Residential Buildings in 70 Large and Medium-Sized Cities Fell MoM in September Across All Tiers of Cities | SMM Shanghai Metals Market
- New Home Sales Nationwide Hit 6.3 Trillion Yuan in First Three Quarters 36Kr
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