The pace of growth in China property prices slowed further in February, according to Reuters’ calculations based on official data released Tuesday.
New home prices rose 8.7 percent in February from the year ago period, compared to January’s 9.6 percent rise.
On a month-on-month basis, prices rose 0.3 percent compared to 0.4 percent in the month before.
According to figures released the National Bureau of Statistics, Beijing’s new home prices were up 12.2 percent in February from the same month the year before, compared with January’s 14.7 percent rise.
New home prices in Shanghai, meanwhile, climbed 15.7 percent in February year on year, versus 17.5 percent in the previous month.
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