Easing fails to lift home sales in Aug
By Zheng Yangpeng | China Daily | Updated: 2014-09-19 10:38
Only one city in China saw new-home prices rise in August, the weakest housing data in the past three-and-a-half years, the National Bureau of Statistics said on Thursday.
New-home prices fell month-on-month in 68 of the 70 major cities monitored by the NBS and remained flat in one. It was the gloomiest pricing report since January 2011, when the government changed the way it compiled the data.
The only city where prices rose was Xiamen, Fujian province, where average home prices edged up 0.2 percent.
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