FX.co ★ China New Home Prices Fall the Least in 13 Months

In May 2025, China's new home prices across 70 cities experienced a year-on-year decline of 3.5%, a slight improvement from the 4.0% decrease observed in the previous month. This period marks the 23rd month of consecutive decline, though it reflects the slowest rate of contraction since April 2024, indicating ongoing efforts by Beijing to mitigate the prolonged downturn in the property market. In major cities, Beijing saw prices fall further to 5.3% from 5.0% in April, Guangzhou experienced a decrease to 5.8% from 6.3%, Shenzhen's decline eased to 2.6% from 3.0%, Tianjin reported a slight drop to 2.0% from 1.9%, and Chongqing's decline improved to 3.2% from 4.0%. Contrarily, Shanghai continued to experience price growth, steady at 5.9%. On a month-to-month basis, new home prices fell by 0.2% in May, after remaining flat in the two preceding months.