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CHINA PROPERTY MARKET

April new home prices down y-o-y for 8th straight month

But there is little change from March, adding to hopes that a property downturn is bottoming out
Tuesday, May 19, 2015 - 05:50
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Analysts warn that any recovery in the market will take some time given a huge inventory of unsold homes, and say that the property sector remains the biggest risk to the Chinese economy.

Hong Kong

CHINA'S new home prices fell for the eighth consecutive month in April from a year earlier but were flat from March, adding to hopes that a property downturn which is weighing heavily on the economy is beginning to bottom out.

But analysts warned that any recovery in the

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