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China’s new home prices rise faster in the first quarter

China’s home prices grew at a much faster pace in the first quarter boosted by a raft of pro-growth policies rolled out since last year, with both housing prices and transactions are picking up. The warming of the housing market has raised concerns, with regulators stressing a stable property market and warning over further home price surges.

A survey tracking housing markets in 100 major Chinese cities shows home prices rose at a faster pace during the first quarter this year.

Average new home prices gained  13.1 per cent in the first quarter from the same period . . .

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