The monthly 70 city NBS home price survey showed higher prices in 39 cities vs August and lower prices in 21 cities, Compared to September 2014 the top 5 cities were major markets:
Continued strength in Shenzhen (+4% in Sep) suggests that the Summer crash of the Shenzhen stock market is not having a significant impact on consumer spending.
The weakest markets compared to September 2014 were smaller cities:
