New home prices show signs of stabilising

Steady progress: Buildings under construction in Chongqing. Top Chinese officials anticipate a recovery in the property sector to help shield the country from expected US tariff hikes. — Bloomberg

BEIJING: China’s decline in new-home prices continued to ease for a fifth consecutive month in January, suggesting values are stabilising as policymakers intensify efforts to end the property slump.

New home prices in 70 cities, excluding state-subsidised housing, fell 0.07% from December when they declined 0.08%, National Bureau of Statistics figures showed yesterday.