A labourer works at a construction site in Beijing. Photo: AFP
A labourer works at a construction site in Beijing. Photo: AFP

Worst yet to come for China’s housing market as new home prices fall by most in 6 years

  • The average price across 70 cities dropped 0.25 per cent in October from the previous month, data shows, as analysts warn that doesn’t give the full picture
  • Developers are seeing a big slump in sales amid a credit crunch sparked by the debt crisis at China Evergrande

A labourer works at a construction site in Beijing. Photo: AFP
A labourer works at a construction site in Beijing. Photo: AFP
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