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New home prices in China's largest cities fall for first time since 2015

1 month ago   |   By The Real Deal New York

Prices for new homes in China's largest cities fell month-over-month in September for the first time since 2015. Prices declined in half of 70 cities surveyed by the National Bureau of Statistics, according to the Financial Times. Beijing saw no change in pricing, while Shanghai saw a 0.2 percent increase. Many of the cities where prices fell are in the country's south and central regions. Goldman Sachs calculated a 0.5 percent decline in pricing on
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