Concerns grow as real estate cool-down continues

China's real estate sector cooled down further in April, with concerns mounting over its drag on the country's overall economy.

Among 70 major cities, eight saw month-on-month price declines in the new-home market last month, double that for March, the National Bureau of Statistics said in a statement on Sunday.

Meanwhile, 44 cities experienced price gains on a monthly basis, down from 56 for March and 57 for February, according to the NBS. The biggest increase was recorded in the southeastern coastal city of Xiamen, where prices rose 0.4 of a percent month-on-month from March.