Property News · January 18, 2017

Guangzhou holds out as China’s December home prices decline


Guangzhou’s residential property prices rose in December, becoming the only city among 15 of China’s largest urban centres to defy the government’s programme to deflate a potential price bubble in new homes.
Prices of new homes in Guangzhou rose 0.7 per cent in December from the previous month, according to the National Bureau of Statistics’ data. Prices either fell or recorded no increase in the remaining 14 cities monitored by the bureau, as market cooling measures…

Source : South China Morning Post
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