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China's new home prices fall marginally in August due to weak demand

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy

Photo: Bloomberg
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(Photo: Bloomberg)

Reuters Beijing
China's new home prices fall marginally in August on weak demand BEIJING, Sept 1 (Reuters) - China's new home prices in August fell month-on-month, as buyers remained cautious, despite hundreds of stimulus measures offered by local governments to prop up the distressed property sector.

New home prices in 100 cities fell 0.01% from a month earlier, unchanged from July, according to survey data released on Thursday by China Index Academy, one of the country's largest independent real estate research firms.

Among 100 cities, 69 cities reported a fall in monthly prices, more than 47 in July, said the firm.

In August, home prices

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