China’s new home prices across 70 cities dropped 2.2% year-on-year in October 2025, matching the pace of decline in the previous month while remaining at the slowest decline since March 2024. The latest result reflected Beijing’s ongoing support measures aimed at cushioning the impact of prolonged property market weakness. October’s figures also marked the 28th straight month of price declines. Prices continued to decrease in Beijing (-2.0% vs -2.6% in September), Guangzhou (-4.2% vs -4.1%), Shenzhen (-2.6% vs -1.8%), Chongqing (-2.6% vs -2.2%), and Tianjin (-1.5% vs -1.2%). Meanwhile, Shanghai remained an outlier with a 5.7% rise, slightly above September’s 5.6% increase. On a monthly basis, prices were 0.5% lower in October, the steepest decline in a year, after a 0.4% drop in September.