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Developers cut prices amid market cooling, home prices in key cities fell for first time this year

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Chinese real estate developers are cutting home prices to boost sales and speed up cash collection amid a cooling market. Data from China’s top state think tank showed that home prices in key cities fell in September for the first time this year.

Sunac China Holdings Ltd., one of China’s top developer, has cut new home prices in a development in Tianjin, a coastal city neighbouring Beijing, by 30 per cent in the past two . . .

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