Pursuits
China Home-Price Growth Slows as Property Curbs Dent Demand
- Values gained in 55 cities in November, versus 62 in October
- Prices dropped in 11 cities, compared with seven in October
China Home-Price Growth Slows in November
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China’s overheated property market continued to cool in November as authorities rolled out renewed home-buying curbs to deflate a housing bubble.
New-home prices, excluding government-subsidized housing, gained from the previous month in 55 of the 70 cities tracked by the government, compared with 62 in October, the National Bureau of Statistics said Monday. Prices dropped in 11 cities, compared with seven a month earlier. They were unchanged in four.