New home prices in China, especially in large cities, grew at faster pace in April, confirming a warming trend in the country's housing markets and reinforcing expectations that more cities will tighten property policies.
Most of the 70 cities surveyed by the NBS still reported monthly price increases for new homes in April, and the number increased to 67 from 65 in the previous month, signaling broadening strength in the market, according to data released by the National Bureau of Statistics (NBS) on Thursday.
Average new home prices in China’s 70 major cities rose 0.6 per cent . . .
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