Home price growth lost steam in all major Chinese cities in August, an indication that Beijing’s efforts to stabilise housing costs are continuing to pay off.
Prices of new private homes rose in 46 out of 70 major cities tracked by the National Bureau of Statistics, down from 56 in July. Prices fell in 18 cities, compared to only 9 that reported declines a month ago. Prices were unchanged in six cities last month.
For the first time, all the 15 first- and second- tier cities closely…
Source : South China Morning Post
Read more…China’s August home price growth cools in top cities as property curbs bite















