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China's new home prices fall 4.3% in Dec

However, property sales volumes in 70 major cities hit highest level in 2014, up nearly 9% from November

Published Sun, Jan 18, 2015 · 09:50 PM
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Beijing

CHINA'S new home prices fell significantly in December for a fourth straight month even as year-end sales volumes surged - a sombre omen for fourth-quarter 2014 economic growth data due out later in the week.

Sunday's gloomy National Burea of Statistics' data foreshadowed weak economic figures set for Tuesday, with expansion expected to slow to 7.2 per cent, the weakest since the depths of the global financial crisis.

Falling property prices are likely t…

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