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China home prices decline in February: survey

The China Index Academy says that although China's housing prices fell in February, the market is expected to stabilise with the arrival of spring and anticipated micro-easing measures by the government.


CHINA's housing prices fell in February, a survey showed on Saturday, renewing fears of weakening growth in the world's second-largest economy.

The average price of a new home in China's 100 major cities fell 0.24 per cent from January to 10,539 yuan (S$2,292) per square