China's new home price index in February fell in over 84% of major cities. The number of cities with declines has increased from the previous month.
Real estate prices continue to decline in cities of all sizes. The Chinese government is strengthening financial support for real estate businesses, and the People's Bank of China has taken a series of measures in February. It will be interesting to see if this will lead to improvements in the real estate market. *Sen is “earth” and “kawa”