China used-home prices fall at slower pace in relief to market

China's second-hand home prices fell by 0.54% in January, marking the smallest decline in eight months, according to the National Bureau of Statistics. New home prices also dropped by 0.37%. Recent supportive measures include relaxed rules for non-resident buyers and tax reductions for property sales. Investors are awaiting the National People’s Congress for economic guidelines. Despite these measures, UBS's John Lam predicts home prices will continue to decline for at least two more years, with values in major cities down over a third from peak levels.