China May New Home Prices Rose in 56 out of 70 Cities M/M

The transcript discusses real estate price trends in major Chinese cities like Beijing, Shanghai, and Shenzhen, noting that prices remained stable month-on-month but showed significant year-on-year changes. It highlights the overall market trend of price increases in 56 out of 70 surveyed cities, aligning with policy goals to moderate price rises. The discussion includes the impact of government curbs on the real estate sector, expectations for future policy adjustments, and the importance of the sector to the Chinese economy. Additionally, it covers inventory management in lower-tier cities and the role of mortgage lending in shaping market dynamics.

What was the year-on-year price change in Shanghai for May?

• 12.6% increase

• 5% decrease

• 0.6% increase

• No change

How many cities saw a rise in real estate prices in May?

• 56

• 58

• 45

• 62

What measures have been implemented to control real estate prices in top-tier cities?

• Reducing mortgage rates

• Eliminating price caps

• Increasing down payments

• Encouraging foreign investment

What is the role of the People's Bank of China in the real estate market?

• Setting property prices

• Building new housing

• Providing subsidies to buyers

• Regulating mortgage lending

What is one focus of policymakers regarding third and fourth-tier cities?

• Increasing property taxes

• Building more luxury apartments

• Encouraging foreign buyers

• Reducing inventories