China's new home prices extend decline in January
BY Reuters | ECONOMIC | 02/12/26 08:41 PM ESTBEIJING, Feb 13 (Reuters) - China's new home prices extended ?their decline in ?January, official data ?showed on Friday, indicating ?weak demand that ?would ?further weigh on ?the country's cash-strapped ?developers.
Prices fell 0.4% month-on-month, matching ?the ?previous month's ?decline, according to Reuters calculations based on National ?Bureau of Statistics ?data.
On an annual basis, prices dropped 3.1% ?in ?January, quickening from ?a 2.7% fall ?in the previous month and marking the steepest decline in seven months. (Reporting ?by Liangping Gao, Yukun Zhang and ?Ryan Woo; ?Editing by Muralikumar ?Anantharaman)
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