China’s first-tier home prices extend 4-month rebound amid market stabilisation

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Home prices in China’s first-tier cities continued a modest rebound for the fourth consecutive month, signaling improving market sentiment amid housing stabilization efforts. Prices rose slightly in Shanghai, Shenzhen, and Guangzhou, while Beijing saw a slight fall, reflecting uneven regional recovery.

New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction. Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent in Guangzhou, according to data released by the National Bureau of Statistics on Wednesday. However, they fell 0.3 per cent in Beijing. Among 70 large and medium-sized...