A construction site in Huaian, in China’s eastern Jiangsu province. Investment bank CICC recently raised its outlook for China’s property market. It says it expects national sales volume to drop by 7 per cent this year, less than a previous forecast of 10 per cent. Photo: Reuters

China new home prices grew at their slowest pace in 10 months in February, but property market expected to bottom out

  • Prices edged up by 0.53 per cent last month, their slowest pace since April 2018, in 70 cities monitored by the government
Topic |   China home price

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A construction site in Huaian, in China’s eastern Jiangsu province. Investment bank CICC recently raised its outlook for China’s property market. It says it expects national sales volume to drop by 7 per cent this year, less than a previous forecast of 10 per cent. Photo: Reuters
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