Slump in China's property market continues as new home prices fall in more cities

The property market has been on a downturn since the effects of a regulatory clampdown in 2020. PHOTO: REUTERS
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GUANGZHOU - Prices for new homes in China fell in more cities last month compared with a year ago, as the property market slump in the world's second-largest economy continued despite the government easing measures.

Data from the National Bureau of Statistics (NBS) released on Friday (April 15) showed that new home prices fell in 29 out of 70 major cities last month - five more compared with March last year.

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