China's new home prices in major cities grew slowest since Feb 2020 in October, resale home prices fell for first time since June 2020

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China’s new home price growth cooled further in October, weighed down by weak demand in major cities amid tight regulations and credit environment for the housing market.

New home prices in 100 major cities rose 0.09 per cent in October from a month earlier to 16,189 yuan per square meter, slowing from September’s 0.14 per cent increase and decelerating from the fourth consecutive month, according to data from China Index . . .

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