Sales totaled 598.5 billion yuan in the two months ended February, down 5.0%. Lending limits and falling prices in some Chinese cities have hit housing demand since the start of the year.
Total property investment in China in the first quarter this year rose 16.8% to 1.53 trillion yuan, slowing from the 19.3% growth recorded in the first two months of the year.
Construction starts by area in the January-March period fell 25.2% to 290.9 million square meters. The data point fell 27.4% to 166.9 million square meters in the January-February period.