Home price increase slows

Updated: 2011-08-02 11:29

(China Daily)

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China's home prices rose at the slowest pace in 11 months in July.

The slowdown came after the government expanded its efforts to curb the risk of an asset bubble, according to SouFun Holdings Ltd.

Home prices gained 0.2 percent in July from June, the slowest pace since August 2010.

Residential prices increased in 66 out of the 100 cities tracked by the nation's biggest real estate website owner, with average home values nationwide climbing to 8,874 yuan ($1,379) a square meter, SouFun said on its website on Monday.


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