China's home price growth slower in May as buying restrictions bite
20 Giugno, 2017, 00:29
Compared with a year ago, new home prices rose 10.4 percent in May, slowing slightly from an 10.7 percent gain in April, Reuters calculated from National Bureau of Statistics (NBS) data.
In monthly terms, average prices grew in 56 of the 70 cities surveyed.
There were prices gains in six of the 15 first- and second-tier cities closely monitored by the NBS, unchanged from April.
Prices of new homes in Beijing where property hikes are the tightest remained unchanged from the prior month while current house costs edged down 0.9 percent the first lost since February 2015.
Given the tougher cooling measures, analysts predicted that home prices will continue to cool in coming months and there will be more intensified policies due to price rises in some third-tier cities.
FIFTEEN Chinese cities where the strictest measures to curb speculation have been imposed registered slower year-on-year growth in new home prices for another month in May, evidence that the country's hottest property markets continued to stabilize. A straight average for the 15 listed top-tier cities dropped nearly 3 percentage points to annualized growth of 16.2 percent.
Shenzhen led the declines with a 0.6 per cent contraction in May compared with April, while prices in Hangzhou fell 0.3 per cent.
Xia Dan, a senior researcher at the Bank of Communications, predicted prices in previously red-hot markets like Beijing would continue easing.
As many as 20 cities have enforced rules that call for buyers of new residential houses to keep the homes for a minimum of two years before resale.
Price growth in smaller third-tier cities rose to 0.9 percent in May from April's 0.8 percent, CBRE's Xie said. Property sales pertaining to floor space edged up 8.3 percent year on year in May compared to a 14.3 percent year on year gain for the January to May period while increase in terms of value on a year on year basis grew 12.6 percent in May compared to 18.6 percent January to May.
Analysts including Patrick Wong and Kristy Hung of Bloomberg Intelligence say the Chinese housing market may weaken in the second half on government curbs and rising mortgage rates.
"Once people there have bought up property, their next home [purchase] might be five years later", Mr. Hu says.
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BSEB Bihar Class 10 Results 2017
This year, the Class 10 exams were held from March 1 to March 8 and an estimated 15 lakh students appeared for the exams. The results were earlier expected to be announced on May 30, 2017. - Download and take a print of the result.