China's new home prices fall faster in May

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)

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This story was originally published June 15, 2026 at 9:46 PM.