Property News · November 18, 2016

Chinese home price growth slows as cooling measures take effect


The growth of China’s home prices slowed dramatically in October after a recent round of property tightening measures dampened demand, according to official data.
New home prices in the mainland’s first-tier cities increased by just 0.5 per cent from the previous month, a sharp decline from the 3.7 per cent month-on-month growth in September, the National Bureau of Statistics (NBS) said on Friday.
The cost of new homes in second-tier cities grew 1.3 month-on-month, down from 2.3 per…

Source : South China Morning Post
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