Apartment price falls ease in Oct

Data suggest government measures starting to have an impact on market

The latest property data for October, released by the National Bureau of Statistics, have provided the first evidence of a slowdown in falling house prices since the introduction of government measures in September to stimulate the market.

The statistics still showed that new home prices dropped month-on-month in 69 of the 70 cities monitored, but the largest price fall was 1.6 percent, compared with the 1.9 percent largest fall in September. The only city to show prices unchanged was Zhengzhou, the capital of Henan province.