Prices of new homes in 70 cities fell 0.4 per cent month on month in December after a 0.3 per cent drop in November, according to a Post analysis of official data.
A heated housing market and cool rentals show the need to continue reforms in real estate-- Beijing Review bjreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bjreview.com Daily Mail and Mail on Sunday newspapers.
Home prices in major Chinese cities fell for the fourth straight month in October, recording the steepest drop in nearly nine years amid slumping demand.