China home price gains slow in Jan, surveys show

[BEIJING] Gains in home prices in China eased in January, two private surveys showed, adding to signs of stabilisation in the housing market as government curbs start to take the edge off years of sustained gains.

Prices of new homes in 288 major cities in January rose 9.39 per cent in January from a year earlier, easing from December's annual rise of 10.04 per cent, a poll by real estate services firm E-House China showed on Saturday.

That was the slowest gain in nine months, snapping seven consecutive months of double-digit annual gains.