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China's housing prices up 9.5% in Jan

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Housing prices in China's 70 large and medium-sized cities rose 9.5 percent in January 2010 from a year earlier, up 1.3 percent compared to the previous month, said the National Bureau of Statistics on Thursday.

Prices of new houses in January rose 11.3 percent from the same month last year, and were up 1.7 percent from December 2009.

In January, prices of second-hand houses in the 70 main cities rose 8.0 percent from the previous year, and 0.9 percent from the previous month.

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