Property

China housing slump persists with prices down 11% from recent peak

Policy efforts do little to fix downturn since 2021, squeezing municipal finances

20250915N Shenzhen construction

The decline in housing prices has been relatively muted in large Chinese cities such as Shenzhen. © Reuters

KENTARO SHIOZAKI
September 16, 2025 02:30 JST

BEIJING -- New home prices in 70 major Chinese cities were down 11% on average in August from four years earlier, according to official data released Monday, as government steps last fall to prop up the market failed to make a lasting impact.

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