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By Syndicated Content
May 1, 2021 3:22 AM
BEIJING (Reuters) â Chinese new home prices rose again in April, fuelled by hot demand in smaller coastal cities as housing market strength in major centres tapered off due to tighter restrictions, a private survey showed on Saturday.
New home prices in 100 cities rose 0.23% in April from a month earlier, up marginally from 0.2% in March, according to data from China Index Academy, one of the countryâs largest independent real estate research firms.
The strength was mainly contributed by tier-2 and 3 cities in the eastern and southern coastal regions. Monthly new home price growth in 10 major cities including Beijing and Shanghai cooled slightly last month, the data showed, as waves of stringent curbs took some heat out of the market.
ChinaChina s April home prices maintain momentum, smaller cities lead growth - private survey
Reuters
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Residential and office buildings are seen in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee
Chinese new home prices rose again in April, fuelled by hot demand in smaller coastal cities as housing market strength in major centres tapered off due to tighter restrictions, a private survey showed on Saturday.
New home prices in 100 cities rose 0.23% in April from a month earlier, up marginally from 0.2% in March, according to data from China Index Academy, one of the country s largest independent real estate research firms.
China s April home prices maintain momentum, smaller cities lead growth
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