China 70 City Average Primary Property Price Decline Narrowed

China's primary property price decline narrowed to -3.0% mom annualized in April, with Tier-1 cities like Shanghai showing growth. However, secondary market prices continue to drop sharply, by 5-15% year-over-year.

Key Takeaways

• 1.Primary property price declines in China's 70 major cities narrowed to -3.0% mom annualized in April, compared to -4.0% in March.
• 2.Tier-1 cities, led by Shanghai, showed sequential price increases, while Tier-2 and Tier-3 cities continued to decline, albeit at a slightly slower pace.
• 3.Secondary market prices are falling significantly faster than the primary market data suggests, with third-party data showing 5-15% annual declines.

Table of Contents

• Bottom line
• Key numbers
• Main points
• Disclosure Appendix
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial