FX.co ★ China New Home Prices Fall the Least in 11 Months

In April 2025, new home prices across 70 cities in China experienced a 4.0% decline year-on-year, improving from the 4.5% drop observed in the previous month. Although this marks the 22nd consecutive month of decreasing prices, the contraction's pace was the slowest since May 2024, indicating the effectiveness of Beijing's ongoing measures to support the struggling property sector. Among major cities, price declines moderated in Beijing (-5.0% compared to -5.7% in March), Guangzhou (-6.3% versus -7.2%), Shenzhen (-3.0% in comparison to -3.9%), Tianjin (-1.9% opposed to -2.2%), and Chongqing (-4.0% compared to -5.5%). On the other hand, Shanghai witnessed a slight acceleration in price growth, with an increase of 5.9% compared to 5.7%. On a month-to-month basis, new home prices remained steady for the second consecutive month.