Price Drop Slows in December for New Homes in China

Price Drop Slows in December for New Homes in China
Residential and office buildings in Beijing on Jan. 10, 2017. Jason Lee/Reuters
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China’s new home prices tumbled at a slower pace at the end of 2021, after hitting a six-year low in November, official data show.

According to the latest new home price indices released by the National Bureau of Statistics (NBS) on Jan. 15, new home prices in 70 tracked Chinese cities slipped 0.2 percent month-on-month in December, lower than the 0.3 percent drop a month earlier.

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