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China’s housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data.
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BEIJING — China’s real estate sector isn’t yet poised for a quick recovery, despite a rally this month in stocks of major property developers.
That’s because recent support by Beijing don’t directly resolve the main problem of falling home sales and prices, analysts say.
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Last week, property developer stocks surged after news the central bank and banking…
Source cnbc.com
