Latest News Stream - Housing Index

China’s new home prices across 70 cities fell 2.8% year-on-year in September 2026, easing from a 3.0% decline in the previous month and marking the 39th consecutive month of annual contraction. Still, the pace of decline was the slowest since December 2025, suggesting that continued policy support from Beijing is helping stabilise the property market. Among major cities, price declines moderated in Guangzhou (-1.1% vs -1.9% in August), Shenzhen (-1.0% vs -2.3%), Chongqing (-2.4% vs -3.1%) and Tianjin (-3.6% vs -4.1%). Meanwhile, the decline deepened in Beijing (-2.7% vs -2.3%). Shanghai remained the standout, with new home prices rising 2.8% year-on-year, although growth eased from 3.0% in August. On a monthly basis, new home prices edged down 0.1%, extending recent declines.

China’s new home prices across 70 cities fell 3.2% year-on-year in July 2026, following a 3.3% decline in the previous month. This marked the 37th consecutive month of annual declines, although the pace of contraction was the slowest since February, as ongoing policy support helped ease some pressure on the property market. Among major cities, prices continued to fall in Beijing (-2.3% vs -2.1% in June), Guangzhou (-2.2% vs -2.6%), Shenzhen (-2.9% vs -3.6%), Chongqing (-3.7% vs -4.2%) and Tianjin (-4.4% vs -4.6%). Shanghai remained the standout performer, with new home prices rising 3.0%, only slightly slower than the 3.1% increase in June. On a monthly basis, new home prices edged down 0.1%, matching June’s decline.

China’s new home prices across 70 cities fell 3.3% year-on-year in June 2026, easing from a 3.5% decline in the previous month. While marking the 36th consecutive month of annual declines, the latest result was the mildest contraction since February, suggesting that existing policy measures are helping stabilise the property market, though demand and confidence remain subdued. Among major cities, prices declined in Beijing (-2.1%, unchanged from May), Guangzhou (-2.6% vs. -3.3%), Shenzhen (-3.6% vs. -4.5%), Chongqing (-4.2% vs. -4.7%), and Tianjin (-4.6% vs. -4.7%). Meanwhile, Shanghai remained the standout performer, with home prices rising 3.1%, only slightly slower than May's 3.2% increase. On a monthly basis, new home prices edged down 0.1%, after a 0.2% fall in May.

China’s new home prices across 70 cities fell 3.5% year-on-year in May 2026, matching April’s pace. It marked the 35th straight month of decline and remained the steepest drop since May 2025, highlighting persistent weakness in the property sector. The data suggest that existing policy support has yet to revive housing demand or restore market confidence amid subdued buyer sentiment and excess housing supply. Among major cities, price declines persisted in Beijing (-2.1% vs -2.3% in April), Guangzhou (-3.3% vs -4.4%), Shenzhen (-4.5% vs -5.3%), Chongqing (-4.7% vs -4.8%), and Tianjin (-4.7% vs -5.1%). Meanwhile, prices in Shanghai rose more slowly (3.2% vs 3.7%). On a monthly basis, new home prices edged down 0.2%, after a 0.1% decrease in April.

China’s new home prices across 70 cities shrank 3.5% yoy in April 2026, following a 3.4% decline in the previous month. It marked the 34th consecutive month of contraction and the sharpest pace since May 2025, underscoring persistent weakness in the property sector. The data suggested that existing stimulus efforts have yet to generate a sustained recovery in housing demand and market confidence. Among major cities, price declines persisted in Beijing (-2.3% vs -2.1% in March), Guangzhou (-4.4% vs -4.7%), Shenzhen (-5.3% vs -5.5%), Chongqing (-4.8% vs -4.4%), and Tianjin (-5.1% vs -4.8%). In contrast, prices in Shanghai continued to rise (3.7% vs 3.7%). On a monthly basis, new home prices edged down 0.1%, after a 0.2% decrease in March, pointing to the mildest drop in a year.

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.

China’s new home prices across 70 cities dropped 3.2% year-on-year in February 2026, following a 3.1% decline in the previous month. The latest data marked the 32nd consecutive month of contraction and the steepest drop since last June, underscoring Beijing’s ongoing struggle to stabilize the prolonged property downturn, as policymakers have largely relied on measured, incremental support. Among major cities, price declines persisted in Beijing (-2.3% vs -2.4% in January), Guangzhou (-5.1% vs -5.3%), Shenzhen (-5.5% vs -4.9%), Chongqing (-3.8% vs -3.5%), and Tianjin (-4.2% vs -4.0%). In contrast, Shanghai remained the outlier, with home prices continuing to grow at 4.2%, unchanged from January. Monthly, new home prices dipped 0.3%, after a 0.4% fall in the prior three months.

China pledged to stabilize its property sector and optimize housing supply, according to an official government report cited by Reuters. Authorities plan to better utilize existing commodity housing stock, including purchasing unsold homes and converting them into government-subsidized housing to reduce excess inventory. Beijing said it will explore “various avenues” to absorb the glut of unsold properties, while promoting the orderly construction of “quality homes” to upgrade overall housing standards. Efforts will also focus on accelerating the renovation of dilapidated urban housing, aiming to improve living conditions and support domestic demand. In addition, the government vowed to expand the supply of subsidized housing, reinforcing its commitment to stabilizing the real estate market and addressing structural imbalances in supply and demand.

China’s new home prices across 70 cities fell 3.1% year-on-year in January 2026, deepening from a 2.7% decline in the previous month. The latest data marked the 31st straight month of contraction and the sharpest drop since June, underscoring Beijing’s ongoing struggle to stabilize the property downturn. Rather than bold interventions, policymakers have relied so far on measured, incremental steps. Among major cities, price declines widened in Guangzhou (-5.3% vs -4.8% in December), Shenzhen (-4.9% vs -4.4%), Chongqing (-3.5% vs -2.9%), and Tianjin (-4.0% vs -3.0%). In Beijing, prices remained weak and unchanged in pace (-2.4% vs -2.4%). Meanwhile, Shanghai still posted growth, though the increase softened (4.2% vs 4.8%). On a monthly basis, prices shrank 0.4% for the third straight month.

China’s new home prices across 70 cities declined 2.7% year-on-year in December 2025, steeper than a 2.4% drop in the previous month. The latest reading marked the 30th consecutive month of price decreases and the fastest pace since July, underscoring Beijing’s persistent struggle to arrest the prolonged downturn in the property sector. Prices fell at a quicker pace in Beijing (-2.4% vs. -2.1% in November), Guangzhou (-4.8% vs -4.3%), Shenzhen (-4.4% vs -3.7%), Chongqing (-2.9% vs. -2.9%), and Tianjin (-3.0% vs -2.2%). Meanwhile, costs in Shanghai eased (4.8% vs 5.1%). On a monthly basis, prices shrank 0.4%, matching November's drop.

China’s new home prices across 70 cities dropped 2.4% year-on-year in November 2025, deepening from a 2.2% decline in the previous two months. The latest reading marked the 29th consecutive month of price declines and the steepest pace since August, underscoring Beijing’s ongoing struggle to counter the prolonged weakness in the property sector. Prices fell at a quicker pace in Beijing (-2.1% vs. -2.0% in October), Guangzhou (-4.3% vs. -4.2%), Shenzhen (-3.7% vs. -2.6%), Chongqing (-2.9% vs. -2.6%), and Tianjin (-2.2% vs. -1.5%). Meanwhile, costs in Shanghai eased (5.1% vs 5.7%). On a monthly basis, prices were 0.4% lower, after a 0.5% fall in October.

Beijing is weighing a fresh round of stimulus to shore up a struggling housing market, Bloomberg News reported. Proposed measures include nationwide mortgage subsidies for first-time buyers, increased income-tax rebates for mortgage holders, and lower home transaction costs. If implemented, the package would mark China’s latest attempt to halt a prolonged property slump that has eroded household wealth, dampened consumption, and pressured banks’ balance sheets. Bloomberg said the plan has been under discussion since Q3, though “timing and final policy design remain uncertain.”

China’s new home prices across 70 cities fell 2.2% year-on-year in September 2025, easing from August’s 2.5% decline and marking the mildest drop since March 2024, as Beijing’s support measures continued to cushion the property market. The latest result, however, still marked the 27th consecutive month of falling prices. Key cities saw slower declines, including Beijing (-2.6% vs -3.5% in August), Guangzhou (-4.1% vs -4.3%), Shenzhen (-1.8% vs -2.7%), Chongqing (-2.2% vs -2.4%), and Tianjin (-1.2% vs -1.8%), while Shanghai remained an outlier with a 5.6% rise, slightly below August’s 5.9% increase. On a monthly basis, prices dropped 0.4% in September, the steepest decline in 11 months, following a 0.3% drop over the previous three months, highlighting the need for additional stimulus to revitalize the housing market amid ongoing U.S. trade pressures.

China’s new home prices in 70 cities declined by 3.2% year-on-year in June 2025, slowing from a 3.5% drop in the previous month. While marking the 24th consecutive month of contraction, the latest reading was the slowest pace since April 2024 amid ongoing attempts by Beijing to mitigate the impact of the prolonged property weakness. Among major cities, prices decreased in Beijing (-4.1% vs -4.3% in May), Guangzhou (-5.1% vs -5.8%), Shenzhen (-2.5% vs -2.6%), Tianjin (-1.8% vs -2.0%), and Chongqing (-2.9% vs -3.2%). In contrast, prices in Shanghai continued to increase (6.0% vs 5.9%). On a monthly basis, however, new home prices fell 0.3% in June, after a 0.2% decrease in May, extending the downturn that began in May 2023.

China’s new home prices in 70 cities shrank 4.0% year-on-year in April 2025, easing from a 4.5% decline in the previous month. While marking the 22nd consecutive month of price drops, it was the slowest pace of contraction since May 2024, reflecting Beijing’s ongoing efforts to stabilize the struggling property sector. Among major cities, prices declined at a softer rate in Beijing (-5.0% vs -5.7% in March), Guangzhou (-6.3% vs -7.2%), Shenzhen (-3.0% vs -3.9%), Tianjin (-1.9% vs -2.2%), and Chongqing (-4.0% vs -5.5%). Meanwhile, prices in Shanghai rose slightly faster (5.9% vs 5.7%). On a monthly basis, new home prices were unchanged for the second straight month.