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China: Real estate sales up, prices soar

Posted on 03 July 2009

From Chinadaily.com.cn: The real estate market is quickly turning hot. “The bidders have gone irrational. A bubble in Beijing’s property market is definitely there,” said Pan Shiyi, chairman of property giant SOHO China, who was also a bidder that day, after the latest auction.
This “bubble” is being felt in the real estate market in major cities across the country……….Full Article: Source


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