62 out of 70 cities reported higher prices, vs 62 in MarchīEIJING, May 17 (Reuters) - New home prices in China grew at the fastest pace in eight months in April, data showed on Monday, despite the government's ramped-up efforts to tame the market and tackle an alarming build-up in debt.Īverage new home prices in 70 major cities grew 0.6% in April from a month earlier, the quickest pace since August 2020 and a notch up from a 0.5% gain in March, according to Reuters calculations based on data released by the National Bureau of Statistics.April new home prices up 0.6% m/m vs 0.5% in March.
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