China home prices still on steady growth as buyers shrug off govt curbs

Beijing

NEW home prices in China extended another month of steady growth in November, after picking up slightly in October, shrugging off a range of government measures to rein in an overheated property market as price gains in smaller cities widened.

China's housing market has been in a boom lasting more than two years, giving the economy a major boost but stirring fears of a property bubble, with the government taking stern measures to curtail speculative buying.