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China Home-Price Gains Cool as Smaller Cities Impose Curbs

By Tony Seruga

New-home prices gained in 51 cities in July versus 55 in June
The value of homes sales in July was the lowest since March

Chinese home prices gained in fewer cities as local governments joined some of the nation’s largest hubs in imposing residential property curbs to quell soaring real estate values.

New-home prices excluding government-subsidized housing gained in 51 cities last month, from 55 in June, among the 70 the government tracks, the National Bureau of Statistics said Thursday. Prices dropped in more cities for a fourth consecutive month, declining in 16, compared with 10 a month earlier. They were unchanged in three…

China Home-Price Gains Cool as Smaller Cities Impose Curbs

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