China Home Prices in January Rose On-Month in 52 of 70 Cities
February 23 2018 - 9:33PM
Dow Jones News
BEIJING--Home prices in China in January held about steady from
the month before while property controls dampened demand.
The average price of new homes in 70 cities fell 0.06% in
January from December, excluding government-subsidized housing,
according to calculations from The Wall Street Journal based on
data released Saturday by the National Bureau of Statistics. That
compared with a 0.5% on-month gain in December.
Compared with the same period a year earlier, average new-home
prices increased 5.4% in January, slowing from a 5.8% increase in
December.
New-home prices rose in 52 of 70 cities in January from a month
earlier, compared with 57 in December. Prices of new homes
increased in 59 of 70 cities in January from a year earlier,
compared with 61 in December.
--Dominique Fong
(END) Dow Jones Newswires
February 23, 2018 21:18 ET (02:18 GMT)
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