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Local govt curbs hit China home sales for Jan and Feb

Value falls 5% to 598b yuan, volume dips 1.2%

Published Thu, Mar 13, 2014 · 10:00 PM
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[SHANGHAI] China's home sales fell in the first two months of the year as local government property measures to rein in rising prices weakened buyer sentiment.

The value of homes sold fell 5 per cent to 598.5 billion yuan (S$123 billion) from the same period a year earlier, the National Bureau of Statistics said yesterday. That compared with an almost doubling in sales in …

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