All China new home prices (February) +0.2% m/m & +5.2% y/y

China February house price data via the stats people there

Beijing
new home prices -0.3 pct y/y (January was -1.2 pct) 

• Beijing new home prices -0.3 pct m/m (+0.2 pct) 

Shanghai new home prices -0.6 pct y/y (-0.2 pct) 

• Shanghai new home prices -0.2 pct m/m (-0.4 pct)

Guangzhou new home prices +3.1 pct y/y (January +3.7 pct)

• Guangzhou new home prices -0.4 pct m/m (-0.4 pct) 

Shenzhen new home prices -2.5 pct y/y (January -3.4 pct)

—

And. via Reuters calculation

All China February new home prices +5.2 pct y/y (January+5.0
pct)

• +0.2 pct m/m (+0.3
  pct) 

—

Prices for new homes rose in 44 cities m/m (+52 in January) ) and 59 y/y (59)

prices in tier one cities fell y/y, 2nd and 3rd tier prices rose

Chinese authorities have been battling rapidly rising house prices, and the over-leverage impact (and all the nasties that flow for that) for a long time. If the data is correct they are having some success and have avoided a hard landing.