BEIJING—New home prices in China grew at their weakest pace in nearly two years in January as the economy slowed and a fast-spreading coronavirus outbreak brought the country’s property market to a standstill.
Worryingly, analysts say the worst is yet to come for the property market, noting that with stepped-up measures to contain the spread of the outbreak, aggressive price-cutting by developers and widespread business disruption will be fully reflected only in coming months.
