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Caixin

Property prices climb at growing rate in China's biggest cities

Demand for housing in competitive school districts helping drive up costs

China's biggest cities including Shanghai, pictured, saw a faster increase in prices of new residential houses and second-hand homes in December 2020, official data showed.   © Reuters

China's biggest cities saw a faster increase in prices of new residential houses and secondhand homes in December, official data showed, as analysts said demand for housing in competitive school districts was further heating up the market.

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