Most major Chinese cities saw home prices drop in November, developers remained reluctant to buy land

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Most of major Chinese cities saw home prices decline in November and property developers remained reluctant to buy land amid sluggish home sales and sector-wide liquidity crunch.

Average new home prices in China's 100 major cities was around 16,183 yuan per square meter in November, falling slightly by 0.04% from the previous month, and rising by 2.7% from a year earlier, narrowing by 0.36 percentage point from the growth . . .

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