National

China's new home prices fall faster in May

By Reuters Reuters
A paramilitary police officer crosses the street, with Beijing Central Business District skyline seen in the background, ahead of this week’s U.S. President Donald Trump's visit to China, in Beijing, China, May 11, 2026. REUTERS/Maxim Shemetov
A paramilitary police officer crosses the street, with Beijing Central Business District skyline seen in the background, ahead of this week’s U.S. President Donald Trump's visit to China, in Beijing, China, May 11, 2026. REUTERS/Maxim Shemetov Maxim Shemetov Reuters

BEIJING - China's new home prices fell at a slightly faster pace in May, official data showed on Tuesday, as the crisis-hit property sector continued to grapple with fragile demand, even as larger cities showed tentative signs of stabilisation

New home prices dipped 0.2% in May from the previous month, steepening from a 0.1% decline in April, according to Reuters calculations based on data released by the National Bureau of Statistics.

On an annual basis, prices fell 3.5% in May, matching the decline in April.

(Reporting by Yukun Zhang, Liangping Gao and Ryan Woo; Editing by Kevin Buckland)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published June 15, 2026 at 9:43 PM.

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