China Evergrande Group’s Royal Peak residential development in Beijing. Source: Bloomberg
China Evergrande Group’s Royal Peak residential development in Beijing. Source: Bloomberg

China’s new home prices in July record first decline in eight months as mortgage-boycott crisis weighs on sentiment

  • Prices of new homes in 100 cities averaged 16,204 yuan per square metre in July, 0.01 per cent lower than in June, according to property researcher CREIS
  • Home prices in China are likely to fall by as much as 7 per cent this year, according to S&P Global Ratings

China Evergrande Group’s Royal Peak residential development in Beijing. Source: Bloomberg
China Evergrande Group’s Royal Peak residential development in Beijing. Source: Bloomberg
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