* Oct new home prices up 0.2% m/m vs 0.4% uptick in Sept
* Oct new home prices up 4.3% y/y vs 4.6% growth in Sept
* 45 out of 70 cities reported higher prices, vs 55 in Sept
* Oct property investment +12.7% y/y vs +12% y/y in Sept (Adds property investment data, analysts quotes)
BEIJING, Nov 16 (Reuters) – Chinese new home prices grew at a slower monthly pace in October, data showed on Monday, as many developers moved to cut prices to promote sales amid tighter government scrutiny on borrowing.
Average new home prices in 70 major cities rose 0.2% in October from a month earlier, the slowest monthly growth rate since March and down from September’s 0.4% growth, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS).
Compared with the same month a year earlier, home prices rose 4.3% in