| Residential property prices in 100 major cities in China fell 0.23% in October from the previous month, the biggest decline this year and following a 0.03% on-month slide in September, China Real Estate Index System said Tuesday.
The data provider said a survey of property developers and real-estate agencies showed the average home price in October was lower at CNY8,856 a square meter from CNY8,877 in September and CNY8,880 in August. The survey, which the company compiles together with online real-estate brokerage SouFun Holdings Ltd., is watched widely since China scrapped a national property price index in January..............................................Full Article: Source
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