China New Home Prices Fall the Most in 10 Months

2026-04-16 01:51 By Farida Husna 1 min. read

China’s new home prices across 70 cities fell 3.4% year-on-year in March 2026, widening from a 3.2% decline in the previous month.

The latest reading marked a 33rd straight month of contraction and the steepest drop since May 2025, underscoring persistent weakness in the property sector.

The data highlighted Beijing’s ongoing struggle to stabilize the housing market, as policymakers continue to rely on gradual, targeted support measures that have yet to reverse the downturn.

Among major cities, price declines persisted in Beijing (-2.1% vs -2.3% in February), Guangzhou (-4.7% vs -5.1%), Shenzhen (-5.5% vs -5.5%), Chongqing (-4.4% vs -3.8%), and Tianjin (-4.8% vs -4.2%).

Meanwhile, prices in Shanghai rose at a slower rate (3.7% vs 4.2%).

Monthly, new home prices fell 0.2%, after a 0.3% decrease in February.



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