China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK). The report provides less coverage and less detail than the private Fang/Soufun 100 city index whose release has been suspended. Increased government control over price data seems to be an intangible measure to cool speculation.
The NBS report still provides some insight into the impact of housing market restrictions introduced in leading Chinese cities:
Under the present circumstances lower prices are good news because they mean it will not be too long before restrictions are eased and successful property developers can return to a normal operating environment. By July the 1 year price change in most of these cities will probably be under 10% and policy relaxation may begin.
For longer time perspective on China real estate see China Property: Hot or Not?