01 Sep '11, 6pm

Home Business China homes prices rise at lowest rate this year: China home prices rose at its slowest rate this

China's home price rose at its slowest rate this year as tightening measures led to a decline in transactions, the Dow Jones news agency reported Thursday. Housing prices edged up slightly by 0.07 per cent in August from July, compared with July's 0.21 per cent on-month increase, according to the China Real Estate Index System. However, from a year earlier, the average price for new properties was up 6.9 per cent in August, compared with July's 6.8 per cent increase. A survey of property developers and real-estate agencies cited by Dow Jones showed that the average home price in August was 8,880 yuan (S$1,675) per square meter, slightly up from 8,874 yuan in July Prices of properties in 56 cities increased in August compared with July, while 44 cities reported a decline. The Chinese government has implemented several measures to control speculation in its property market, ...

Full article: http://www.todayonline.com/Business/EDC110901-0001054/Chi...

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