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China's new home sales jump after interest rate cut boosts demand

Housing sales surge 41% to 938.4 billion yuan from November and are 4.2% higher than a year earlier
Wednesday, January 21, 2015 - 05:50

Beijing

CHINA'S new-home sales jumped last month after the first interest rate cut since 2012 boosted demand and developers made more apartments available to tap improving sentiment in the nation's property market.

Housing sales surged 41 per cent to 938.4 billion yuan (S$202