- New home prices increased in 44 out of 70 Chinese cities on a monthly basis in March, down from 56 in April and the lowest number since October 2012.
- Prices fell in eight cities, double the amount for March.
- Of China's largest metropolises, Beijing's costs increased just 0.1%, the slowest pace since September 2012, while in Shanghai prices rose 0.3%.
- The property sector had been been fairly torrid until early this year, when government measures to restrict house buying and rein in lending started to have a more notable impact. However, the cooling of the sector comes amid concerns about the slowdown in the broader economy.
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