China's new home price growth slowed for first time since November amid property curbs, tightening credit

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China's new home price growth slowed for the first time since November last year in month-on-month terms after the government stepped up measures to cool a hot housing market.

Average new home prices in 70 major cities grew 0.5 per cent in June from a month earlier, down from a 0.6 per cent rise in the previous month, showed calculations based on data released by the National Bureau of Statistics (NBS) on Thursday.

New home prices in 55 of China's 70 major cities rose month over month in June . . .

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