Hong Kong - China's average new home prices fell at the fastest pace on record in February from a year earlier, hurt by slower sales during the Lunar New Year holidays, but developers and analysts expected prices to slowly recover - particularly in top-tier cities.
Average new home prices in China's 70 major cities dropped 5.7% last month from a year ago, the sixth consecutive fall, following January's 5.1% decline.
It was the biggest annual fall in the nationwide survey which has been compiled since 2011. The monthly fall in February from January was 0.4%, the same as in the previous month.