Logo 25 Oct 2022

Another rough month for the property sector

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On Monday, the stats bureau (NBS) released September property sector data.
The verdict: Things are bad, but could be worse.
Some numbers:

New home prices were down 0.28% m/m, falling in 54 of the 70 cities surveyed.
Existing home prices dropped 0.39% m/m, the largest fall since October 2014.
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