China home-price growth slowed for the first time in five months in July, as authorities maintained a more measured pace of monetary easing and clamped down on speculative demand.Residential prices for new homes in 70 major cities, excluding state-subsidised housing, increased 0.47 per cent last month, compared to 0.58 per cent in June, National Bureau of Statistics (NBS) data released on Friday showed. Values in the secondary market, which is largely free from government intervention, gained 0…
Source : South China Morning Post
Read more…China’s home-price growth slows in July as authorities crack down on speculative demand















