China new home prices continue to fall as demand remains weak

New home prices in China fell 0.4 percent in January as weak demand pressures developers. The annual decline reached its steepest level in seven months.

New home prices in China CNCN fell in January, according to National Bureau of Statistics data released today. The official figures show a 0.4% month-on-month decline and a 3.1% drop compared to the same period last year, signaling persistent weakness in China's housing market.
Residential buildings under construction in Beijing, China, on October 16, 2025. REUTERS/Tingshu Wang
Residential buildings under construction in Beijing, China, on October 16, 2025. REUTERS/Tingshu Wang
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