China’s new-home prices fell at a quicker pace in February, worsening for the first time in six months despite the country’s latest efforts to prop up the market.Prices in 70 cities, excluding state-subsidized housing,

China's new home prices dropped 0.1% in February, official data showed on Monday, as demand in the crisis-stricken sector remains subdued despite the government's promises of more stimulus measures.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.14% from January, when they slid 0.07%, National Bureau of Statistics figures showed Monday. Values of used homes fell 0.34%,