– Shanghai new home prices +20.6% y/y (prior +17.5)
– ‘All China’ (Reuters calculation) new home prices +3.6% y/y (+2.5% prior)
– China February new home prices rise y/y in 32 cities (was 25 in January)
Flows of investment back into property continue. Ever since the stock market got trashed the old standby, property, has come back into vogue.