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Asia’s Home Prices Rebound as Low Interest Rates Boost Sales

Home prices in China, Singapore and Australia rebounded as demand for property assets rose, boosted by low interest rates as investors sought real estate investments in the Asia-Pacific region.

China’s new home prices in June increased for the first time in 10 months, while those in Australia’s eight major cities recorded their largest monthly increase in more than two years as lower mortgage rates encouraged buyers. Singapore prices rebounded to a record in the second quarter.