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Concerns are also rising among multinationals about to what extent the epidemic's impacts on supply chains would ripple from China to the rest of the world.

Compared with a year ago, 68 cities registered price increases, with the cities of Haikou and Sanya in southern Hainan province leading the gains, whose prices surged 21.4 percent and 21.2 percent respectively.

Commenting on Tuesday's data, Asian investment bank Nomura said China will further fine-tune its policy stance to ensure more stable growth, with programs such as pledged supplementary lending to support homebuyers in lower-tier cities and speed up fiscal spending.

Companies can also raise money via the bond market of bourses, said Fang.

Combined turnover on the two bourses shrank to 435.2 billion yuan, down from 445.8 billion yuan the previous trading day.