Growth in in House price continues to Slow
Hi Albert
China's housing price growth continued to slow in October, traditionally one of the hottest sales months of the year, as a result of the government's regulatory measures.
New residential buildings are erected along Maoming Road in Shanghai, which is on the list of five cities that recorded the biggest drop in housing prices last month. [Shanghai Daily]
Nationwide, residential property prices rose 0.5 percent last month, compared with a 0.6 percent gain in September and a 0.7 percent increase in August, according to a survey by the national development and reform commission and national bureau of statistics.
Shanghai, which led the price drop in September, remained on the list of the five cities that recorded the biggest drop last month.
Prices of newly launched projects and secondhand houses in Shanghai both dropped 1.2 percent in October compared to the previous month, according to the survey. The decline rate was the same as in September.
Thank you
Nelson
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