Property Prices in China’s ‘Big Four’ Cities Show Nascent Signs of Recovery

The Chinese government’s recent measures to revive the slumping property market have met with mixed results, as housing prices in the nation’s four megacities showed signs of stabilizing in September, while those in second- and third-tier cities tumbled further.

New-home prices in the first-tier cities — Beijing, Shanghai, Guangzhou and Shenzhen — as a group remained unchanged in September compared with the previous month, when the prices dropped 0.2% month-on-month, the National Bureau of Statistics (NBS) said on Thursday.