China’s new-home prices fell 0.19% in April from March, the smallest decline in
a year, marking a third consecutive month of easing losses, according to
National Bureau of Statistics data. Resale prices dropped 0.23%, the slowest
since pace March 2025, suggesting early signs of stabilization in the property
market. Analysts from Citi and Bank of America said improving sales momentum and
policy easing across more than a dozen cities—including Shenzhen and
Guangzhou—support expectations that the downturn may be bottoming. Local
governments have relaxed homebuying restrictions and increased mortgage support
following a Politburo pledge to stabilize the sector. However, analysts note
that inventory normalization may still take about a year.
