BEIJING :China’s new home prices fell for the fifth straight month in November, official data showed on Friday, as the sector still struggles to elbow its way out of a weak market in the face of dampened confidence in demand and investment.
New home prices fell 0.3 perent month-on-month, matching the figure in October, according to Reuters calculations based on National Bureau of Statistics (NBS) data.
Prices fell at the fastest pace in seven months year-on-year, down 0.2 per cent in November, compared with a 0.1 per cent decline in October.
