China housing Lingering time inconsistency issues need a timely comprehensive package, recent efforts still marginal
standard chartered·2024-10-22 13:19
J P M O R G A N Asia Pacific Economic Research 18 October 2024 China housing Lingering time inconsistency issues need a timely comprehensive package, recent efforts still marginal House price correction widened further, along with broad-based sluggishness in major housing activity indicators. The NBS 70 cities' new home prices were down 6.1%oya or 0.7%m/m nsa in September (-5.7%oya or 0.7%m/m nsa in August), and secondary home prices were down 9.0%oya or 0.9%m/m nsa (vs. -8.6%oya or 0.9%m/m nsa in August). ...