China Home Prices Fall at Slower Pace as Support Mounts
- Home value declines narrowed for new, existing units
- China has intensified efforts on supporting developers
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China’s home prices declined at a slower pace for both new and existing-units in January, the first signs of improvement in 10 months.
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.37% last month from December, when they retreated 0.45%, National Bureau of Statistics figures showed Friday. The second-hand market also improved, with price declines narrowing to 0.68%.