China's new homes prices stopped falling month-on-month in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property sector from a prolonged slump.

Beijing rolled out a slew of measures in the second half of last year to stabilise the real estate market, including cutting mortgage rates and allowing local governments to buy unsold housing units

Prices across 70 major cities fell in December by the smallest percentage in 18 months, and prices in the four biggest metropolises rose.

China's new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property sector from a prolonged slump.