China'a new home prices rose at a record pace in October, even as the country's leadership unveiled new measures on Friday aimed at stabilizing the red-hot property market.
New home prices rose 9.6 percent in the month from a year earlier, the highest jump since records began in January 2011, according to Reuters calculations of data from China's National Bureau of Statistics on Monday. This compares to a 9.1 percent year on year increase in September.
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69 out of 70 cities across the mainland showed year-on-year rises.