China’s August Home Prices Rise Amid Land Sales, SouFun Says
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China’s new home prices jumped in August by the most since December amid a recovery in land sales and some easing of policies by local governments, SouFun Holdings Ltd. said.
Prices surged 8.6 percent last month from a year earlier, to 10,442 yuan ($1,706) per square meter (10.76 square feet), SouFun said in an e-mailed statement after a survey of 100 cities. Year-on-year prices began rising in December, when they climbed 0.03 percent after a 0.46 percent drop in November.