China's Property Market Woes Continue Despite September Stimulus

China's September property market package fails to significantly boost buyer confidence, raising hopes for more easing.

Top developers' sales dropped 24% year-on-year in September, although rose 24.8% from August.

Average new home prices in top 100 cities edged up 0.05% in September; pre-owned flat prices dipped 0.4%.

Transaction volume in Shanghai and Shenzhen fell short of expectations despite easing policies.

Analysts say more aggressive measures needed to stabilize property sector as demand remains weak.