Feb 21, 2022 03:29 PM

ECONOMY

China Home Prices Barely Fall in Glimmer of Hope for Developers

Apartment buildings at the Magnolia Mansion residential project in Shanghai on Jan. 14. Photo: Bloomberg

Apartment buildings at the Magnolia Mansion residential project in Shanghai on Jan. 14. Photo: Bloomberg

(Bloomberg) — China’s home price declines eased for a second month in January, offering a rare sign of hope to the embattled property sector.

New home prices in 70 cities, excluding state-subsidized housing, fell 0.04% last month from December, when they dropped 0.28%, National Bureau of Statistics figures showed Monday. Values in the secondary market declined 0.28%, down for a sixth month.

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