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China's December new home prices rise the most in 2013

Average price up 12% from a year ago, says real estate website
Thursday, January 2, 2014 - 06:00
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Housing woes: Almost one-fifth of respondents in a Renmin University of China survey gave a zero score to the government's property policies, indicating 'near despair' on housing prices, said China News Service. - PHOTO: REUTERS

[BEIJING] China's new home prices in December jumped by the most last year even as the country's biggest cities tightened property controls to moderate price gains. The average price rose 12 per cent from a year earlier to 10,833 yuan (S$2,259) per square metre, SouFun Holdings Ltd, the nation's