China housing
According to data released by National Development and Reform Commission and National Bureau of Statistics China saw average properties price in 70 major cities up 3.5% year on year but down 0.1% month on month in September.
The year on year increase rate was 1.8% points lower than the August level.
Last month, housing for low income earners in the major cities was priced 1.3% higher than the same month of last year, or 0.1% higher than August.
Prices of common commercial housing and luxury housing went up 3.9% and 5.5%, respectively, over the year earlier level. But the prices were 0.4% and 0.3%, respectively, lower than August level.
New housing was priced 3.9% higher year on year, but 0.3% lower month on month. The rise rate was 2.3% points slower.
Source: Steel Guru
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