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China’s home sales slow further in August amid tightening property curbs

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China’s home sales in major cities declined further amid rising expectation of a cooling housing market after the authority ramped up restrictions on the sector.

New home sales in 40 major Chinese cities measured by floor space fell 9 per cent from a month earlier, down for the second straight months, 3 per cent down from August last year, according to the E-House China R&D Institute in Shanghai.

In the four top-tier cities, new home . . .

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