China First-Tier Home Prices Rise 0.1% for Fourth Month as 20 Cities Gain
Updated
Updated · South China Morning Post · Jul 15
China First-Tier Home Prices Rise 0.1% for Fourth Month as 20 Cities Gain
2 articles · Updated · South China Morning Post · Jul 15
Summary
New home prices in Beijing, Shanghai, Guangzhou and Shenzhen rose an average 0.1% in June, extending a four-month rebound and pointing to firmer market sentiment.
Twenty of 70 large and medium-sized cities posted month-on-month price increases, up from 16 in May and the highest count since May 2025, suggesting stabilisation measures are gaining traction.
Year on year, first-tier prices were still down 1.3%, though the decline narrowed by 0.4 percentage points from May.
Shanghai stood out with a 3.1% annual gain, while Beijing, Guangzhou and Shenzhen remained lower; analysts said two straight months of narrowing declines show the market is regaining self-repair capacity.