Sales of new homes have risen in several mainland cities, with Shanghai showing a 42.5 per cent gain, although prices continue to decline, but at a slower pace. Photo: Bloomberg

Hangzhou home sales reach 5-year high as policy eases

Market expected to improve further as October transactions climb 35pc from September to the most since July 2009 after government shift

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Sales of new homes have risen in several mainland cities, with Shanghai showing a 42.5 per cent gain, although prices continue to decline, but at a slower pace. Photo: Bloomberg
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