26 Oct '17, 6am

Now that sounds like a good idea. Not. #China to change #property #price #methodology #propertynews

China has revealed plans to tweak its methodology for calculating its home price index as the current system has met new challenges and difficulties, reported Reuters . The move comes as China looks to “better facilitate state macro-control in the property market”, said National Bureau of Statistics (NBS) deputy director Li Xiaochao following a work meeting with a visiting German delegation. Li, however, did not specify the challenges met by the current methodology. He also did not provide a timetable. According to him, the changes would be made as the country actively learns from Germany and the European Union’s experiences. First established in 1997, China’s real estate price survey system had two significant changes in its methodology, which included extending the number of cities covered. Today, the NBS compiles and publishes a property price index monthly that covers ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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