http://www.businesstimes.com.sg/brea...onths-20140224



[BEIJING] China's home price rises eased for the first time in 14 months in January, the latest sign that the government's over four-year campaign to rein in property risk may finally be starting to bite.
Average new home prices in China's 70 major cities rose 9.6 per cent in January from a year earlier, easing from the previous month's 9.9 per cent rise, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS) on Monday.
It was the first slowdown in the rate of price increases since November 2012.
House prices in China have surged in the past year but the market began to show signs of losing momentum at the end of 2013 as local governments took further tightening measures at the prompting of a central government worried about the risk of an asset bubble.