China's Home-Price Decline Moderates — Update
China's home-price declines eased slightly last month, likely buoyed by Beijing's support measures including subsidies for mortgage borrowers to revive the slumping property sector.
Prices across 70 major Chinese cities fell 0.14% in September, compared with a 0.17% drop the prior month, according to Wall Street Journal calculations based on National Bureau of Statistics data released Monday.
Of the 70 cities, 49 reported month-over-month price declines, the same as August, the data showed.
Compared with a year earlier, prices in these cities fell 3.0% in September, easing slightly from a 3.3% drop in August.
Sixty-four cities out of 70 reported year-on-year price decline in September, down from 65 in August.
In the first nine months of the year, home prices fell 3.4% from a year earlier.
Also released Monday was data showing that China's property investment fell 20.6% year on year in the first nine months, widening from a 19.9% decline in the January-August period.
Home sales fell 13.7% in the January-September period, compared with a 13.1% decline in the first eight months.
Property developers' new construction starts fell 24.9% in the first three quarters, compared with a 24.8% decline in the January-August period.
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
October 18, 2026 22:38 ET (02:38 GMT)
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