{"id":3098,"date":"2019-05-17T10:13:19","date_gmt":"2019-05-17T10:13:19","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3098"},"modified":"2021-06-04T14:24:55","modified_gmt":"2021-06-04T07:24:55","slug":"new-home-prices-in-china-grow-at-solid-pace","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/new-home-prices-in-china-grow-at-solid-pace\/","title":{"rendered":"New home prices in China grow at solid pace"},"content":{"rendered":"<p>Impact of reserve ratio cuts being felt in the mainland<\/p>\n<figure id=\"attachment_3099\" aria-describedby=\"caption-attachment-3099\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3099\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_414815908.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_414815908.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_414815908-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_414815908-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3099\" class=\"wp-caption-text\">Huangpu River, Shanghai. chuyuss\/Shutterstock<\/figcaption><\/figure>\n<p>Average new home prices in China\u2019s 70 major cities inched up 0.6 percent in the month to April, according to <a href=\"https:\/\/www.reuters.com\/article\/us-china-economy-houseprices\/chinas-solid-home-price-growth-faces-bubble-trade-war-risks-idUSKCN1SM051\" target=\"_blank\" rel=\"noopener noreferrer\">Reuters<\/a>, citing data released Thursday by the National Bureau of Statistics (NBS).<\/p>\n<p>The figures in April marked the 48th consecutive month of price increases in the mainland. Around 67 cities reported monthly price increases for new homes, up from 65 in March.<\/p>\n<p>Home prices rose 10.7 percent in the year to April, surpassing the growth of 10.6 percent in March.<\/p>\n<p>\u201cThe impact of a series of cuts in banks\u2019 required reserve ratio (RRR) on the property market is showing,\u201d Zhang Dawei, an analyst with property consultancy Centaline, told Reuters.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/why-china-is-dithering-on-a-national-property-tax\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Why China is dithering on a national property tax<\/strong><\/a><\/p>\n<p>Five RRR cuts have been announced in China over the past year. A targeted reduction earlier this month focused on small and medium-sized banks.<\/p>\n<p>The tier-one cities of Beijing, Shanghai, Shenzhen and Guangzhou collectively posted a gain of 0.6 percent between March and April, up from a 0.2 percent increase in the month to March.<\/p>\n<p>Tier-2 cities, on the other hand, collectively increased 0.8 percent month-on-month in April, up from a 0.6 percent gain in the previous month.<\/p>\n<p>Home prices in small tier-3 cities inched forward 0.5 percent on a monthly basis in April, down from 0.7 percent in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Impact of reserve ratio cuts being felt in the mainland<\/p>\n","protected":false},"author":8,"featured_media":20066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[187,137,232,233,189],"class_list":["post-3098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-beijing","tag-china","tag-guangzhou","tag-shanghai","tag-shenzhen","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New home prices in China grow at solid pace | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/new-home-prices-in-china-grow-at-solid-pace\/\" 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