Storyline: Home prices in China's 70 large and medium-sized cities generally fell in October, according to the data released by the National Bureau of Statistics on Friday. The data showed that the prices of new homes in the country's four top-tier cities -- Beijing, Shanghai, Guangzhou, and Shenzhen -- decreased by 0.8 percent on average from a year ago. Specifically, new home prices declined by 2.0 percent, 4.2 percent and 2.6 percent in Beijing, Guangzhou, and Shenzhen, respectively, and increased by 5.7 percent in Shanghai. Other major cities also reported slower declines, with new home prices down 2.0 percent in second-tier cities, and down 3.4 percent in third-tier cities. In October, prices of second-hand homes in first-tier cities dropped by 4.4 percent year on year, with Beijing, Shanghai, Guangzhou and Shenzhen shedding by 4.7 percent, 3.4 percent, 6.4 percent and 3.3 percent, respectively. Meanwhile, second-tier and third-tier cities saw the prices of second-hand homes decrease by 5.2 percent and 5.7 percent, respectively, on a yearly basis, according to the data. On a month-to-month basis, the new home prices of first-, second- and third-tier cities experienced slight declines as well, with the figures standing at 0.3 percent, 0.4 percent and 0.5 percent, respectively. Among the four top-tier cities, Shanghai posted a 0.3 percent rise, while Beijing, Guangzhou, and Shenzhen fell by 0.1 percent, 0.8 percent, and 0.7 percent, respectively. Meanwhile, prices of used homes in first-tier cities declined by 0.9 percent compared with that in September. Beijing, Shanghai, Guangzhou, and Shenzhen experienced drops of 1.1 percent, 0.9 percent, 0.9 percent, and 0.9 percent, respectively. In second- and third-tier cities, prices of used homes fell by 0.6 percent and 0.7 percent month on month. Shotlist: FILE: Shanghai, China - July 2025: 1. Various of residential buildings 2. Various of people at housing sales office, visiting sample room; salespersons making introduction; floor plan 3. Various of real estate agents working on computer 4. Various of photos of pre-owned homes 5. Various of man visiting pre-owned home FILE: Beijing, China - October 2025: 6. Building models 7. Various of salespersons introducing real estate to customers 8. Plan layout 9. Various of salespersons introducing real estate to customers FILE: Shenzhen City, Guangdong Province, south China - October 2025: 10. Various of purchasers signing contract 11. Various of people at housing sales office in Longhua District [Restrictions: No access Chinese mainland]