China house price data due today – housing minister says sales to slow in Q4

China house price data due today – housing minister says sales to slow in Q4

Ahead of the September property price data due from China today (0130 GMT), comments from the housing minister over the weekend.

  • Wang Menghui spoke with reporters at a briefing in Beijing
  • "the national growth rate of transitions for commercial housing will slow in the fourth quarter."
  • The rapid rise of property prices has been contained and the government will keep measures consistent and not loosen control, Wang said, adding that the market was healthy and stable.
  • "We will firmly maintain our position that houses are for living in, not for speculation"

(comments come via Reuters)Original Article