$HongkongLand USD (H78.SG)$$JMH USD (J36.SG)$$CityDev (C09.S...
China property price declines narrow month-on-month in January
Declines in China’s commercial housing sales prices narrowed on a month-on-month basis, according to data.
Data showed sales prices of newly built commercial houses in first-tier cities fell 0.3% in January from the previous month, with declines narrowing by 0.1 percentage points from the previous month.
Prices continued to drop from last year, falling 0.5% from a year ago or 0.4 percentage points more than the previous month.
The January data comes after the country’s troubled property market recorded its worst declines in new home prices in nearly nine years at the end of last year.
China’s CSI 300 added 0.2%, set to rise for the ninth straight session if gains hold till the end of the trading day.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
