Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

China new home prices fall at fastest pace in over 9 years in Aug



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-China new home prices fall at fastest pace in over 9 years in Aug</title></head><body>

Only two cities recorded monthly, annual gains in home prices

Property investment, sales fell in Jan-Aug

Mortgage rate cuts are expected

Adds details of data, background

By Liangping Gao and Kevin Yao

BEIJING, Sept 14 (Reuters) -China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector.

New home prices were down 5.3% from a year earlier, the fastest pace since May 2015, compared with a 4.9% slide in July, according to Reuters calculations based on National Bureau of Statistics (NBS) data.

In monthly terms, new home prices fell for the fourteenth straight month, down 0.7%, matching a dip in July.

The property market continues to grapple with deeply indebted developers, incomplete apartments, and declining buyer confidence, straining the financial system and endangering the 5% economic growth target for the year.

A Reuters poll predicted China's home prices will fall by 8.5% in 2024, and decline by 3.9% in 2025, as the sector struggles to stabilise.

China's property market is still in the process of gradually bottoming out as home buyers' demand, income and confidence will take some time to recover, said Zhang Dawei, chief analyst at property agency Centaline.

"The market is looking forward to a stronger policy."

Property investment fell 10.2% and home sales slumped 18.0% year-on-year in the first eight months, according to official data also released on Saturday.

Chinese policymakers have intensified efforts to support the sector including reducing mortgage rates and lowering home buying costs, which has partly revitalised demand in major cities.

Smaller cities, which face fewer home purchase restrictions and have high levels of unsold inventory, are especially vulnerable, highlighting the challenges faced by authorities to balance demand and supply across various regions.

Of the 70 cities surveyed by NBS, only two reported home price gains both in monthly and annual terms in August.

"With our view of a worsening growth slowdown under

new headwinds in H2, we expect Beijing will be eventually forced to serve as the builder of last resort by directly providing funding to those delayed residential projects that have been pre-sold," said Nomura in a research note on Friday.

China may cut interest rates on over $5 trillion in outstanding mortgages as early as this month, according to Bloomberg News.

To support mortgage rate cuts, a cut of five-year Loan Prime Rate is likely in September, complemented by a 20bp cut of medium-term lending facility (MLF) and 50bp cut to the reserve requirement ratio (RRR), economists at ANZ said in a research note on Friday.



Reporting by Ella Cao, Liangping Gao and Kevin Yao; Editing by Muralikumar Anantharaman

</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.