New residential property prices in China grew faster in October despite a slew of restrictions on purchases, but the rate of growth appeared to slow noticeably in a number of top cities.
The average price for new residential buildings rose 12.3 per cent in October year on year, according to a weighted average from Reuters based on data from the National Bureau of Statistics. That is up from a rise of 11.2 per cent in September.
That was a less marked jump than the 3 percentage point rise from August to September, however, suggesting recent curbs to property purchases may be having some effect.
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