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China's January home prices rise even as top cities post decline

Slowdown seen in growth rate in tier two and three cities

Purchase restrictions are also trickling down into lower-tier cities, while monetary policy tightening is leading to higher mortgage rates.


CHINA'S new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk.

The acceleration in prices across the nation suggests moves by provincial governments...