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China's Property Market Faces Declines Amid Mixed Recovery

5/19/2025

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Summary

Story summary

In April, China's property market faced declines, with new home prices dropping 0.12% and existing home prices falling 0.41% month-on-month.
Recovery is inconsistent; 25 out of 70 cities reported stable or rising new home prices.
The secondary market struggled, with only 6 cities maintaining stable existing home prices.
A possible 10 basis point rate cut in May could provide slight recovery support.

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Story summary

In April, China's property market faced declines, with new home prices dropping 0.12% and existing home prices falling 0.41% month-on-month.
Recovery is inconsistent; 25 out of 70 cities reported stable or rising new home prices.
The secondary market struggled, with only 6 cities maintaining stable existing home prices.
A possible 10 basis point rate cut in May could provide slight recovery support.