19 Dec '13, 5am

#ChinaBubble #GlobalREBubble 'China home prices soars amid signs of slowdown' via @SGPropertyGuru

Dec 19, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share While home prices in China rose at its fastest pace in November, there were also signs that the government's effort to cool the market may be starting to bite as monthly gains stood at its slowest this year, according to media reports. In November, average new home prices in 70 major cities in China surged 9.9 percent from the previous year – the quickest pace since records began in 2011, according to Reuters calculations based on data from National Bureau of Statistics. However, the data showed that prices rose 0.5 percent month-on-month in November, from October's 0.6 gain and the third consecutive slowdown since August's 0.8 percent increase. “The headline figure is quite alarming, though it's not really new and there's been such high growth in the past mainly due to the low base and rapid grow...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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