A traditional residential area in Shanghai, shortly before the demolition of the shikumen homes to make way for modern apartment buildings, on August 19, 2018. Photo: SCMP

China’s July home prices cool, as escalating trade war and slowest economic growth in decades send shivers through property market

  • The average cost of a new home rose by 0.59 per cent in July, marking the slowest increment in five months, while increases were recorded in only 61 of 70 cities being monitored
  • June’s growth was 0.66 per cent while prices grew 0.71 per cent in May, according to calculations based on the National Bureau of Statistics data
Topic |   China property

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A traditional residential area in Shanghai, shortly before the demolition of the shikumen homes to make way for modern apartment buildings, on August 19, 2018. Photo: SCMP
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