China’s January New-Home Prices Drop Again as Buyers Wait and See

What’s new: China’s new-home prices in 100 cities continued to drop for a seventh consecutive month in January as demand remained sluggish despite a series of measures to shore up the real estate industry and the end of the country’s strict “zero-Covid” policy.

The average price of new homes in 100 major cities dropped 0.02% in January from December to 16,174 yuan ($2,400) per square meter, data from China Index Holdings showed.