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New home prices in China dip again but economists expect 'Three Red Lines' policy to remain
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Economists expect Beijing to keep to its tight "Three Red Lines" policy on financing in the coming year.
PHOTO: AFP
BEIJING - A string of defaults by property developers in China since October have dampened sentiment in the housing market with new home prices slipping for a second month.
Prices for new homes in 70 cities, excluding state-subsidised housing, dipped 0.33 per cent in November, when compared to October, figures from the National Bureau of Statistics showed on Wednesday (Dec 15).
