BEIJING: China's new home prices fell for the 16th consecutive month but at a slower pace in October, official data showed on Friday, suggesting overall sentiment remains weak despite a barrage of support measures to stabilise the crisis-hit property sector.
New home prices were down 0.5% month-on-month after a 0.7% dip in September, the slowest pace in seven months, according to Reuters calculations based on National Bureau of Statistics (NBS) data.
