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China home prices jump, led by Guangzhou, Shenzhen

Oct new home prices in 4 major cities soar by up to 21%, raising fears of a bubble

Higher and higher: A Chinese national flag fluttering at a construction site for a new residential complex in Beijing. China's average new home price surged 10.7 per cent in October from a year earlier, the most this year, on demand for higher-priced apartments. - PHOTO: REUTERS

[BEIJING] New home prices in China's four major cities rose the most since January 2011, raising concerns of a bubble as home buyers were emboldened by a lack of new nationwide property curbs. New home prices in October jumped 21 per cent from a year earlier in the southern city of Guangzhou and