China’s new home prices in December jumped by the most last year even as the country’s biggest cities tightened property controls to moderate price gains, Bloomberg reported Wednesday, citing a property company survey of 100 cities. The average price rose 12 percent from a year earlier to 10,833 yuan (US$1,789) per square meter, SouFun Holdings Ltd. said. Prices climbed 0.7 percent from November. Beijing and Guangzhou had the largest year-on-year gains among the 10 biggest cities SouFun surveyed, both rising about 28 percent, while Tianjin recorded the smallest increase, with new home prices climbing 6.1 percent.
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