FX.co ★ China New Home Prices Fall for 28th Month

In October 2025, new home prices in 70 Chinese cities experienced a 2.2% year-on-year decrease. This decline replicated the rate seen the previous month, marking the most moderate fall since March 2024. The steady drop in prices over 28 consecutive months underscores Beijing's efforts to mitigate the prolonged slump in the property market. Prices fell further in major cities including Beijing, which saw a decrease from 2.6% in September to 2.0%, Guangzhou with a decline from 4.1% to 4.2%, Shenzhen from 1.8% to 2.6%, Chongqing from 2.2% to 2.6%, and Tianjin from 1.2% to 1.5%. Conversely, Shanghai continued to defy the trend with a price increase of 5.7%, slightly up from the 5.6% rise in September. On a monthly scale, October saw a 0.5% reduction, marking the sharpest monthly decrease in a year, following a 0.4% decline in September.