China's home prices remain stable in November

China's property market remained largely stable in November with home prices edging down in major cities amid tough purchase restrictions and tight liquidity environment, the National Bureau of Statistics (NBS) said Monday.

On a monthly basis, new residential housing and second-hand home prices in first-tier cities went down 0.1 percent and 0.2 percent, respectively.

In contrast, the property market in second- and third-tier cities is showing signs of picking up, with new residential housing prices gaining 0.5 percent and 0.4 percent, respectively, from a month earlier, NBS data showed.