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China April home sales up as property market stabilises

Thursday, May 14, 2015 - 05:50

Beijing

CHINA'S home sales rose for the first time this year in April after interest-rate cuts and a reversal in property curbs boosted demand. New-home sales jumped 16 per cent to 485.4 billion yuan (S$103.7 billion) last month from a year earlier, according to Bloomberg calculations

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