Property prices in China have fallen for a sixth consecutive month amid government efforts to control prices and curb speculation.
New home prices in 46 out of 70 Chinese cities fell in March, from the previous month. Meanwhile, 38 cities saw prices drop from a year ago levels.
There have been fears of the formation of asset bubbles in China.
Despite the recent falls, authorities said they would continue to implement strict controls over the sector.
"This is further evidence of China's property macro control measures," said Ma Xiaoming of National Bureau of Statistics.
"The upward pressure in home prices still exists and the property tightening is at a critical phase."
Source & Image : BBC
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