China's property woes worsen as home prices slip in November survey

China's property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a survey showed

China's property market woes worsened in November, with prices for both new and resale homes falling amid weaker demand in bigger cities, a private-sector survey showed on Wednesday.

The property sector, accounting for a quarter of the country's gross domestic product, has slowed sharply in recent months, with sentiment shaken by tight regulations and a growing liquidity crisis that has engulfed some of the country's most indebted developers.

New home prices in 100 cities dipped 0.04% in November from a month earlier, compared with 0.09% growth in October, according to data from China Index Academy, one of the country's largest independent real