According to the National Bureau of Statistics, 34 out of 70 Chinese major cities saw declines in new home prices in October from September, twice as many as in September. In Haikou, the new home prices fell 0.1% in October from the previous month. New home prices in another 20 cities were stable in October over the previous month while only 16 cities saw prices rise on a monthly basis, down from 24 in September.


From July, the home prices in Haikou continue to drop while prices in Sanya stay unchanged.


38 cities saw a month-on-month decline in second-hand home prices, 13 more than September. None of the 70 cities saw an increase of over 0.5% in second-hand home prices during the past month.


Among them, Haikou and Sanya reported a slight decrease of 0.3% and 0.2% respectively from a month earlier


Translated by WOS Team
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