New home prices in four of China’s major cities have increased the most since January 2011 and prices rose in another 65 cities tracked by the government as buyers were emboldened by a lack of new property curbs, Bloomberg reported, citing a statement issued by the National Bureau of Statistics on Monday. New home prices in Guangzhou rose by 21% in October from a year earlier, 20% in Shenzhen, 18% in Shanghai and 16% in Beijing. The only city to announce a decline was Wenzhou, with new home prices dropping 1.4% from last year.
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