AsianFin -- Prices of resale homes in China fell at a quicker pace in June, underscoring continued fragility in the country’s debt-laden property sector despite ongoing government support, according to a private survey released Tuesday.
Home prices dropped 0.75% in June from the previous month, widening from May’s 0.71% decline. On a year-on-year basis, prices fell 7.26%, slightly deeper than the 7.24% drop recorded in May, according to data from China Index Academy, one of the country’s leading real estate research firms.