AsianFin -- China’s new home prices remained unchanged in April from the previous month, extending a no-growth streak that has persisted since May 2023, according to official data released Monday.

The April reading, calculated by Reuters based on figures from the National Bureau of Statistics (NBS), marked the second consecutive month of flat prices, underscoring ongoing pressure in the property market despite a wave of policy support measures.

On a year-on-year basis, new home prices declined 4.0% in April, a slight improvement from the 4.5% drop recorded in March, but still reflective of weak buyer sentiment and sluggish market conditions.