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Chinese housing prices fell 0.3% in May, hitting a 16-month low, according to SouFun Holdings....
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Saturday, June 2, 2012, 9:30 AM ETChinese housing prices fell 0.3% in May, hitting a 16-month low, according to SouFun Holdings. Prices in the 10 largest cities declined 0.5% and are down 3.2% Y/Y. Another report shows new home sales in Shanghai jumping to their highest level in a year as developers cut prices.
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