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Property curbs power China’s luxury market

Posted on 26 November 2010

From Property-report.com: The price of luxury homes in China’s key cities has been increased after the government has launched new policy to restrict the amount of properties a family could buy, and investors eager to keep the growing inflation risks under control.
After the Shanghai municipal government announced the cool down measures, almost 80 per cent of the new properties, priced above 50,000 yuan (US$7,531) per sqm, raised their price……………………………………….Full Article: Source


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