China’s Property Market Has a New Blind Spot
Home-price data from China’s largest online real-estate portal no longer publicly available
By DOMINIQUE FONG
Feb. 14, 2017 4:49 a.m. ET
BEIJING—A private-sector data provider has quietly stopped publishing a widely watched barometer of China’s property market that was one of the few alternatives to an official gauge, leaving a hole in a government-dominated flow of information on the Chinese economy.
Beijing-based Fang Holdings, China’s largest online real-estate portal, has since at least 2010 published its compilation of home prices in 100 Chinese cities into a monthly index. The index usually shows sharper increases in China’s runaway property prices than the official index, despite several interventions by Beijing to control property prices in recent years.
Fang has decided to stop updating the index online, to avoid disrupting the property market, Vincent Mo, Fang’s chairman and chief executive, told The Wall Street Journal.