China's property malaise showed no signs of bottoming out in March, with official data recording broad-based declines in investment, prices and sales.
Home prices in the country's 70 biggest cities fell 0.21% in March compared with a 0.28% drop in February, according to calculations by The Wall Street Journal based on data released by the National Bureau of Statistics on Thursday.
Of the 70 cities, 54 reported a month-on-month decline, up from 53 cities in February.
Home prices declined 3.6% in March on the year, widening from February's 3.5% fall. There were 65 cities reporting year-over-year price declines, the same as February.
In the first quarter, home prices in the 70 major cities fell 3.5% from the same period a year earlier.
Meanwhile, China's property investment fell 11.2% in the first quarter from a year earlier, compared with a 11.1% drop in the first two months of the year, according to figures released by the statistics bureau.
Home sales tumbled 18.5% on year in the first three months, narrowing from a 21.8% drop in the first two months.
Construction starts fell 20.3% on year in the January-March period, compared with a 23.1% drop in the first two months.
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(END) Dow Jones Newswires
April 15, 2026 22:21 ET (02:21 GMT)
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