Falling Chinese property ignores more support

A few stories via Yuan Talks for texture on still falling Chinese property markets. I remain skeptical about any sustained recovery while “property is for living in not speculation” remains the official mantra. Here’s my latest starts outlook chart:

The average new home prices in China’s 100 major cities stood at 16,200 yuan per square meter in September, falling by 0.02% from the previous month, down for the third consecutive month and weakening from the 0.01% drop in August, according to a report by China Index Academy, one of the country’s largest independent real estate research firms.

Among the 100 cities, 56 cities posted a fall in monthly prices, compared with 69 in August, the survey showed.

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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.