China home prices continue to surgeSecondary home prices in Shenzhen
surged 15.3 percent in January with
new home prices rising 3.9 percent across 70 mainland medium and large-sized cities, the National Bureau of Statistics said yesterday.
Shenzhen secondary flat prices were also up 1.7 percent month-on-month.
In
Guangzhou, flat prices rose 8.7 percent year-on-year and 1.4 percent month-on-month.
Shanghai flat prices rose 7.6 percent year-on-year and 1.3 percent from the previous month while
Beijing flat prices rose 6.9 percent from a year ago and 0.9 percent compared to December.
Average new home prices in 70 major cities rose 0.3 percent in January from a month earlier, the fastest growth since September, according to Reuters calculations based on data released by the NBS
Prices have
risen for 64 consecutive months.On a year-on-year basis, new home prices rose 3.9 percent, to a four-month high, quickening from a 3.8 percent gain in December.
New flat prices rose 4.2 percent year-on-year in first-tier cities and 9.6 percent on the secondary market. First-hand flat prices rose 4.1 percent in second tier cities and 2.5 percent on the secondary market.
Source: The Standard
https://www.thestandard.com.hk/section- ... e-to-surge
It's all about "how much you made when you were right" & "how little you lost when you were wrong"