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No Respite in China’s Property Crisis as New Home Prices Drop for 24th Month

Summary by South China Morning Post
Prices in the secondary market fell at a faster pace as analysts say impacts from Beijing’s policy support are waning.

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According to data-based calculations published today by the National Statistics Office of China, the prices in 70 cities analyzed recorded, on average, a decrease of 0.22% in the previous month, after a decline of 0.12% in April. Among the monitored cities, 53 registered decline in the new housing price, at 45, in April. Only 13 cities -- including large urban centres such as Shanghai and Hangzhou -- showed up, the number of houses in the previo…

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FXStreet broke the news in on Monday, June 16, 2025.
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