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News Link • China

China Real Estate Crackdown: New Home Prices Accelerate To Two-Year High

• by Tyler Durdan

he Politburo made real estate controls a focus, local officials were warned they will be held accountable for rising prices and cities stepped up their regulations. While the land market showed signs of cooling in August, new home prices have yet to react. Instead, price increases have accelerated over the past few months. June, July and now August have seen prices rise 1.1, 1.2 and 1.5 percent nationally, accelerating to a two-year high.

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