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China home prices rise in market ‘turning point,’ SouFun says

Posted on 01 August 2012

China’s new home prices posted the biggest gain in more than a year, signaling a turning point for the nation’s property market, according to SouFun Holdings Ltd. (SFUN), the country’s biggest real estate website owner.
Home prices rose 0.3 percent from June to 8,717 yuan ($1,369) per square meter (10.76 square feet), SouFun said in a statement today, based on its survey of 100 cities. That was the second monthly gain and the biggest rise since June 2011………………………………………..Full Article: Source


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