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China home prices rise for second straight month in November

SIGNS OF PROGRESS: Average new-home prices in China rose 0.9 per cent last month. The price hikes in October and November follow 13 consecutive months of declines, signalling an improving property market and easing fears of a sharper slowdown in the broad economy.


HOME prices in China rose for the second straight month in November in year-on-year terms, signalling further stabilisation in the country's largest urban housing markets, although oversupply continues to plague smaller cities.

Average new home prices rose 0.9 per cent in