BEIJING (Sept 19): China's boomtown of Shenzhen unexpectedly lost its top-performer spot in August's home price race, but alongside other big cities still drove rapid property price growth. Shenzhen saw home prices rise 36.8% from a year ago, versus 40.9% in July. Yao warned that prices had ballooned to "unsustainable levels", and that ample credit liquidity and relatively relaxed property policies would continue to drive up prices. The rapid rise in property loans over the past few months has been a notable cause of concern among analysts. Prices in the rustbelt city of Dandong, for example, recorded the biggest fall at 2.1%, compared with 2.4% in July.

Source: The Edge Markets September 19, 2016 06:22 UTC