China's new home prices rise at slower pace in April
Reuters
23-05-17 02:12
China's new home prices rose by 0.4% MoM in April, compared to March's growth of 0.5%, marking a fourth straight rise. However, analysts note that April's increase was lower than expected, adding to concerns about the recovery of the property market. Prices declined by 0.2% YoY in April, marking the 12th consecutive month of decline. Despite government efforts to stabilise the sector, such as stimulus policies introduced since November, falling sales and property investments led to bearish data on Tuesday.