China's new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook.
New home prices dropped both in monthly and annual terms, with continued weak demand a constraint to a steady recovery.
From a year earlier, prices fell for the eighth month in a row, dropping 1.5% from a 1.6% slump in November. In December, 55 out of 70 cities saw a month-on-month decline in new home prices, four more than in November, the NBS said in an accompanying statement.
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