Chinese house prices keep slowing

A double edged sword this. Chinese new house prices are out and continue to slow, up 0.58% in August and 8.3% year on year:

Much of the slowing was in the breadth of cities with 20 flat or falling:

Top tier cities remain subdued while lower tiers are cooling:

Here’s the raw data:

This will not aid any turnaround in the coming real estate construction slowdown. Bulk commodities would already be in the gun if not for Vale.

I still think that accident has only delayed the price correction ahead.

David Llewellyn-Smith

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