CHINA DEC HOME PRICES RISE

[BEIJING] Businesstimes.com Jan 18, 2014 Average new home prices in China's 70 major cities in December 2013 rose 9.9 per cent from a year earlier, the same as the previous month's record gain, according to Reuters calculations based on official data published on Saturday.

In month-on-month terms, prices rose 0.4 per cent in December, slowing from November's rise of 0.5 per cent.

The National Bureau of Statistics said new home prices in Beijing rose 16 per cent in December from a year earlier, compared with November's year-on-year increase of 16.3 percent.

Shanghai prices were up 18.2 per cent in December from a year ago, versus 18.2 per cent annual growth in November.

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