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China’s Home Prices Grow Most in Six Months on Lower Supply

  • Government has pledged to keep residential market stable
  • Analysts expect curbs will have some effect in coming months
Construction Continues At Vanke's Fun City Residential Property

Photographer: Tomohiro Ohsumi/Bloomberg

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China’s home prices grew at the fastest pace in six months in February, as a lower supply of projects during a holiday season added to a fear of missing out among buyers.

New home prices in 70 major cities, excluding state-subsidized housing, rose 0.36% last month from January, when they gained 0.28%, National Bureau of Statistics figures showed Monday. Values in the secondary market, which faces less government intervention, climbed 0.34%, almost the same pace as January.