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18 Mar 2015
China property prices slide again – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments that China property price average fell for the 10th consecutive month to -5.7% yoy from previous -5.1%.
Key Quotes
“China indices are leading Asia trade yet again, with particular strength observed among the property developers on expectation of more govt intervention.”
“China property price average in the top 70 cities fell for the 10th consecutive month sequentially, and y/y decline accelerated to -5.7% from -5.1%.”
“Top-tier Beijing and Shanghai markets were not immune to the February slowdown, falling by 3.6% and 4.7% respectively.”
“Stats Bureau has once again hid behind the holiday seasonality in explaining away the decline, forecasting a significant rebound in March.”
Key Quotes
“China indices are leading Asia trade yet again, with particular strength observed among the property developers on expectation of more govt intervention.”
“China property price average in the top 70 cities fell for the 10th consecutive month sequentially, and y/y decline accelerated to -5.7% from -5.1%.”
“Top-tier Beijing and Shanghai markets were not immune to the February slowdown, falling by 3.6% and 4.7% respectively.”
“Stats Bureau has once again hid behind the holiday seasonality in explaining away the decline, forecasting a significant rebound in March.”