China Home Prices Rise in Fewer Cities as Cooling Measures Bite
Values gained in 52 cities in January, versus 57 in December
Authorities have been fine-tuning measures to cool market
CLSA Regional Head Property Research Nicole Wong weighs in on the Hong Kong and Chinese property markets.(Source: Bloomberg)Bloomberg News
China’s home prices rose in fewer cities in January as the government persisted with an almost two-year campaign to cool the market.
New-home prices, excluding government-subsidized housing, climbed in 52 of 70 cities tracked, compared with 57 in December, the National Bureau of Statistics said on Saturday. Prices fell in 13 cities from the previous month and were unchanged in five.