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Fri, 16 Apr 2021 19:29   Lam Ka-sing

New home prices in China’s big cities lose momentum as cooling measures bite, paving way for tougher restrictions in smaller ones

The growth of new home prices in China’s biggest cities slowed amid tighter regulation, potentially paving the way for more stringent cooling measures in lower-tier cities that saw higher growth, analysts said.Prices of new homes in the four first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, crept up by only 0.4 per cent in March from the previous month, slightly less than the 0.5 per cent increase seen in February, according to data from the National Bureau of Statistics…

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