More Chinese cities witnessed month-on-month decline in home prices last month as the government continued its efforts to cool the market, according to the National Bureau of Statistics (NBS) Monday.
Month-on-month price declines of new commercial homes were reported in 12 cities out of the NBS' statistical pool of 70 major Chinese cities,
compared with eight in February. Home prices stood unchanged in 8 cities, while 29 cities posted smaller monthly price gains.
As for resold housing units, 16 cities reported second-hand home price declines month on month in March, up from four in February. Home prices stayed unchanged in 10 major cities in March from February, according to the NBS.
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