Home prices rise despite tightening measures
By Zheng Yangpeng | China Daily | Updated: 2016-04-01 08:10
Home prices continued to leap in Shanghai and Shenzhen despite fresh efforts to rein them in.
New home prices in Shanghai jumped 5.1 percent from February to March, a sharp acceleration from 0.22 percent growth in February, according to data provided by China Index Academy on Thursday.
On March 25, Shanghai toughened conditions to buy property and raised down payment requirements for secondhand homes.
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