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China’s official data provides more signs pointing to warming housing market

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's official data shows more cities see home prices get higher in March and the growth accelerated, providing further signs pointing to a warming housing market despite months' regulatory curbs on the real estate sector.

Notably, home prices in smaller tier-three cities rose even faster than in large ones, defying expectations for a cooling housing market.

Of the 70 major cities, 65 cities saw new home prices were higher in March on a monthly basis, compared to 57 . . .

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