CREIS reports their 100-city home price survey shows a 1.90% month-on-month increase.
The top 10 cities increased 2.59% mom. Shanghai led that group with a 5.09% mom increase.
The largest overall increases were 6.72% in Dongguan; 6.05% in Huizhou (both in Guangdong); 5.79% in Suzhou, 5.60% in Kunshan (in Suzhou county). The median month-on-month price change was 0.37%
There are still 38 cities seeing home price declines, led by the 2.26% drop in Quanzhou.
Check out the month-on-month increases in the biggest cities…
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.
