China's new home prices across 70 cities fell 2.4% year-on-year in November, deepening from a 2.2% decline in the previous two months and marking the 29th straight month of contraction. The drop was the steepest since August, highlighting continued stress in the property sector. Price declines accelerated in major cities such as Beijing, Guangzhou, Shenzhen, Chongqing and Tianjin, while Shanghai saw a slower pace of gains. On a month-on-month basis, prices slipped 0.4%, following a 0.5% fall in October, suggesting weak near-term demand despite policy support.
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