China Property Signals (#46): September NBS Data - Price Growth Less Negative, But The Primary Market Sales Shrink Faster

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Two quick highlights from the September NBS data on new and secondary home prices, and on macro-property data.

1. Home price growth (or the pace of decline) has continued to turn less negative, quite consistently across multiple metrics, for primary and secondary homes: 

2. New home sales are shrinking further, by all the metrics. The clear shift from primary to secondary and the 'end of the pre-sales model' show in the data:

To discover more about our work on China property, please message Robert Ciemniak directly or visit https://www.realestateforesight.com