Story perspectives

Property Market Stabilizes Amid Falling Prices and Skepticism

3/17/2026

Summary

Story summary

In February, the property market moderated as new-home prices fell 0.28% from January.
Resale values declined 0.43%, the smallest drop in ten months.
Overall prices were down 3.2% year-on-year, though some major cities improved.
Analysts say supportive measures may lift sales, but skepticism remains.
The government aims to stabilize the sector amid high inventories and weak demand, under a five-year plan emphasizing improving property development systems.

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Story summary

In February, the property market moderated as new-home prices fell 0.28% from January.
Resale values declined 0.43%, the smallest drop in ten months.
Overall prices were down 3.2% year-on-year, though some major cities improved.
Analysts say supportive measures may lift sales, but skepticism remains.
The government aims to stabilize the sector amid high inventories and weak demand, under a five-year plan emphasizing improving property development systems.