The Riviera Garden residential property developed by Shimao Group Holdings in Shanghai, pictured on July 14, 2022. Photo: Bloomberg
The Riviera Garden residential property developed by Shimao Group Holdings in Shanghai, pictured on July 14, 2022. Photo: Bloomberg

China home prices fall for 10th month as property crisis deepens amid economic slowdown, credit crunch and mortgage boycott

  • New home prices in 70 cities slipped 0.1 per cent from May, when they fell 0.17 per cent, the statistics bureau says
  • Analysts say crisis is likely to deepen, with lower-tier cities bearing the brunt

The Riviera Garden residential property developed by Shimao Group Holdings in Shanghai, pictured on July 14, 2022. Photo: Bloomberg
The Riviera Garden residential property developed by Shimao Group Holdings in Shanghai, pictured on July 14, 2022. Photo: Bloomberg
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