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Supply glut still a hurdle to China property rebound

Home prices rebound in hubs and smaller cities but oversupply still widespread

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Policies will likely need to be loosened further before developers have the incentive to boost spending on land and new construction.

Beijing

CHINA'S moves to ease mortgage restrictions and cut interest rates are bearing fruit in the nation's smaller cities, where home prices have staged a recovery. Now comes the bigger challenge: Clearing a supply glut to spur investment by developers.

Lower borrowing costs are

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