Chinese property is the bust without end

Monday 26 May 2025

Property market softened in April: The latest batch of property market data show some weakening in both price and activity.

The official NBS 70-city average new home prices declined by about 2% mom annualized in April, with prices in lower-tier cities falling more.

The Centaline existing home price indices for top-tier cities posted renewed declines after modest improvements in late 2024.

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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.