China 70-City Primary Property Price Trends

China's primary market property price declines slowed in May, with Tier-1 cities posting sequential price increases. However, the secondary market continues to experience significant price depreciation.

Key Takeaways

• 1.Primary market property price declines narrowed to 1.8% mom annualized in May from 2.9% in April.
• 2.Tier-1 cities showed sequential price gains, led by Shenzhen.
• 3.Secondary market prices continue to face significant downward pressure, with third-party platforms suggesting 5-10% declines over the past year.

Table of Contents

• Bottom line
• Key numbers
• Main points
• Disclosure Appendix

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