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China property curbs start to bite as prices ease in some cities

New-home prices in Beijing fell 3.7% in the first weeks of October from September

Published Fri, Oct 21, 2016 · 09:50 PM
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Shanghai

CHINA'S overheated property market is showing tentative signs of cooling, with home prices in some of the hottest cities falling this month as authorities stepped up curbs to avert a potentially ruinous housing bubble.

New-home prices in Beijing fell 3.7 per cent in the first weeks of October from September and dropped 2.5 per cent in Shanghai, the National Bureau of Statistics said on Friday, adding the market "a…

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