“China’s new home prices posted the biggest gain in more than a year, signaling a turning pointfor the nation’s property market, according to SouFun Holdings Ltd. (SFUN), the country’s biggest real estate website owner.
Home prices last month rose 0.3 percent from June to 8,717 yuan ($1,369) per square meter (10.76 square feet), SouFun said in a statement today, based on its survey of 100 cities. That was the second monthly gain and the biggest rise since June 2011.”
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