China's home prices continue to stabilize

Visitors look at a model of a housing project at a real property exhibition in Beijing. [Photo provided to China Daily]

BEIJING — China's property market continued to show signs of cooling as home prices were falling or posting slower growth in major cities amid tough control policies, official data showed Monday.

On a yearly basis, of the 70 cities surveyed in September, the pace of new home price growth slowed in 15 major cities compared with the same month of last year, the National Bureau of Statistics (NBS) said.

On a month-on-month basis, new home prices fell or remained flat in the 15 cities in September, according to the NBS data.