Prop­erty mar­ket cools in ma­jor cities

China Daily (Canada) - - NEWS CAPSULE -

China’s high-fly­ing home prices in ma­jor cities have been “markedly con­tained” by au­thor­i­ties’ prop­erty curb poli­cies, an of­fi­cial sur­vey showed, cit­ing fresh data for the first half of Oc­to­ber.

Com­pared with Septem­ber, the month-on-month price in­dex for new res­i­den­tial prop­erty have all re­treated in ma­jor first- and sec­ond-tier cities, ac­cord­ing to the Na­tional Bu­reau of Sta­tis­tics (NBS).

The cool­ing came as dozens of Chi­nese cities an­nounced prop­erty curb poli­cies over the week-long Na­tional Day hol­i­day, in­clud­ing pur­chase limit and tight­en­ing mort­gage re­stric­tions, due to fears of as­set bubbles.

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