Mumbai, Feb. 19 -- China's new home prices in 70 cities dropped by 5.0% year-on-year in January 2025, easing from a 5.3% decline in December and marking the smallest fall since last July. Despite Beijing's measures to stabilize the property market, including lower mortgage rates and special bond proceeds, this was the 19th consecutive monthly drop. Prices fell in Beijing (-5.7%), Guangzhou (-8.4%), and Shenzhen (-5.2%), while Shanghai saw a sharper rise (5.6%). On a monthly basis, prices remained flat for the second straight month.
Published by HT Digital Content Services with permission from Capital Market....