news

China property prices stage mild rebound in September

BEIJING: Chinese property prices were up 0.5% in September from a month earlier, the first month-on-month rise since May, according to an official survey of 70 cities published on Friday, Oct 15.

Prices were up 9.1% in September from a year earlier, according to China Information News, a paper run by the National Bureau of Statistics. The year-on-year increase marked a deceleration from the 9.3% rise in August.

Real estate investment also sped up in September, rising 35.0% from a year earlier, up from 34.1% in the year to August, the paper said.

Beijing took fresh steps on Sept 29 to reinforce its curbs on property speculation, in response to signs of a rebound in housing transactions and prices. — Reuters
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE