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China Home Sales Value Rose 38% in October From Year Earlier

  • New-home sales growth slowed in September after curbs imposed
  • New yuan loans edged down last month on slower new mortgages
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Chinese Homebuyers Look Overseas in Real Estate Binge

Bloomberg News

China’s new home sales growth slowed in October from a year earlier, suggesting the push by policy makers to rein in runaway prices is getting traction.

The value of homes sold rose 38 percent to 941 billion yuan ($138 billion) last month from a year earlier, according to Bloomberg calculations based on data the National Bureau of Statistics released Monday. The increase compares with a 61 percent gain the previous month.