China home prices rise 0.9 pct m/m in Sept

BEIJING, Oct 20 (Reuters) - China's new home prices rose 0.9 percent in September from a month earlier, slowing from August' s increase of 1.4 percent, Reuters calculated from data published on Saturday by the National Bureau of Statistics (NBS).

The month-on-month gain in August was the fastest in nearly two years.

On a yearly basis, average new home prices in China's 70 major cities increased 7.9 percent, compared to 7 percent growth in August. That was the fastest year-on-year gain since August 2017.

China's property market has been heating up, despite tighter curbs designed to rein in a real estate boom that has spilled over from its megacities to the hinterland. (Reporting by Elias Glenn; Editing by Sam Holmes & Simon Cameron-Moore)