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China’s property market sizzles as toughest policies to take effect

Posted on 19 March 2013

New and second-hand home prices rose in February from January in 66 of China’s 70 largest cities, the National Bureau of Statistics said. The strongest gains were seen in the top four cities, where Beijing and Guangzhou both recorded a 3.1% month on month increase in new home prices in February, Shanghai 2.3% and Shenzhen 2.2%.
The month on month price increases in second-hand homes were weaker than those in new homes. The prices of the second-hand homes in Beijing averaged 1.7% higher in February than January, the fastest in all 70 cities, according to the bureau………………………………………..Full Article: Source


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