China property bifurcation continues

Cross-posted from Investing in Chinese Stocks.

53 cities up, 46 down and 1 flat. 15 cities saw prices rise more than 1%. Number of cities falling more than 1% fell to 12.

Here is your bifurcation headline number: the median new home price increased 1.03% in June.

The bottom cities were not no names. Rizhao, Jinan (both in Qingdao), Kunming, Urumqi, Sanya were among the cities with the largest price declines.

Among the winners that aren’t top 10 cities: Lanzhou, Baoding, Kunshan and Xiamen.

Shenzhen is still blowing away the competition, up 6.58% in June. It is now pricier than Shanghai. Existing home prices in Shenzhen increased 8.6% in June. Shenzhen home prices are up 13.7% over last year.

Source: 2015年6月中国房地产指数系统百城价格指数报告

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.