New home prices continue to fall

Analysts predict chill will continue for rest of the year

New home prices fell in all but one city monitored by the government last month as easing of property curbs failed to halt a market downturn amid tight credit.

Prices dropped in 69 of the 70 cities in September from August, the National Bureau of Statistics said in a statement on Friday, the most since January 2011 when the government changed the way it compiles the data. They fell in 68 cities in August.