Buying Restriction Surge: New Home Prices Rocket 2.8pc in September

Hopefully the spike in new home prices was driven by panicked buyers rushing ahead of new restrictions.

According to CREIS, New home prices advanced 2.83 percent nationally in September. The top 10 cities saw a month-on-month increase of 3.41 percent, a nearly 50 percent annualized pace.

Zhengzhou prices increased 6.92 percent (a 123 percent annualized pace)
Wuxi 6.83 percent
Changzhou 6.60 percent

Of the top ten cities, Hangzhou led with a 5.10 percent increase.
For existing homes, Wuhan led with an increase of 5.41 percent.

CREIS 100 City Survey 2016年9月百城价格指数
Google Translated: September 2016 100 City Index

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