China's property market showed further signs of recovery in August, with new home prices in first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edging up on a monthly basis and declines narrowing in lower-tier cities, according to the latest official data released by the National Bureau of Statistics (NBS) on Tuesday.
New home prices ticked up 0.1 percent in first-tier cities on a monthly basis, an improvement from the flat numbers in July, while lower-tier cities narrowed their declines.
As for pre-owned homes, first-tier cities also outperformed with a small price increase, while price declines in second- and third-tier cities eased to minus 0.3 percent.
Shanghai remained the best-performing city across the country, with prices rising overall, its new home prices even surged three percent from a year ago.
Tuesday's data pointed to further signs that China's property market is bottoming out, as the government maintains its city-specific policy approach, adjusting and optimizing real estate policies, working down inventory and pushing ahead with urban renewal.
Top-tier cities see home prices edge up month on month in August
Türkiye and Iraq issued a joint statement on Sunday reaffirming continued cooperation to end the presence of the Kurdistan Workers' Party (PKK) and establish central government authority in Iraq's Sinjar region of northern Nineveh province.
According to the statement released by the Turkish Presidency's Directorate of Communications, Türkiye will begin taking steps to gradually transfer its Bashiqa-Zelikan military base in Nineveh to the Iraqi federal government.
The base in the Nineveh Plain has long been a point of contention between both countries. Türkiye established a military presence there in 2015 to support operations against the terrorist group Islamic State, while Iraq has long viewed it as an infringement on its sovereignty.
Sunday's statement added that the two countries have agreed to activate a joint security coordination committee to verify and monitor progress toward ending the PKK's presence in Sinjar.
The PKK, which has waged an insurgency against the Turkish state since 1984, is designated as a terrorist organization by Türkiye, the United States, and the European Union. It was primarily based in southeastern Türkiye, northern Iraq, and northeastern Syria.
In May 2025, the group announced its decision to disarm and disband following a call from its imprisoned leader, Abdullah Ocalan.
Türkiye, Iraq reaffirm cooperation to end PKK presence in Iraq's Sinjar
