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1st LD: China home prices fall in March

Xinhua, April 18, 2015 Adjust font size:

China's real estate market remained weak with new home prices in March registering month-on-month declines in most of surveyed cities.

Of 70 large and medium-sized cities surveyed, new home prices dropped in 50 in March from the previous month, according to data released by the National Bureau of Statistics (NBS) on Saturday.

New home prices were flat in eight cities including Shanghai and Haikou, while 12 cities like Beijing saw prices up from February, the NBS data showed.

For existing homes, 48 cities saw price declines in March on a monthly basis, while 12 cities posted gains, and 10 reported flat prices. Endi