China’s real estate prices rose for a 19th month in December, raising concerns that the government will expand curbs to limit the risk of asset bubbles in the world’s fastest-growing major economy. Prices in 70 cities rose 6.4% in December y-o-y, the smallest increase in 13 months. Prices gained 0.3% m-o-m. Investment in real-estate development rose 12% to RMB557bn y-o-y while full-year investment climbed 33% to RMB4.83trn. Property sales increased 22% to RMB1.02trn, with 218 million m2 of real estate sold, a 12% gain y-o-y. (Bloomberg)
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