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Chinese real estate 29.5 pct overvalued: state think tank

Posted on 16 December 2010

From Ibtimes.com: Residential real estate in 35 large and medium-sized cities in China is, on average, about 29.5 percent overpriced, according to estimates of the Chinese Academy of Social Sciences (CASS).
Furthermore, it estimated that real estate prices will rise by 15 percent in 2010, down from 25 percent in 2009. In 2011, it said prices can rise further if government measures aimed at curbing the real estate market are relaxed……………………………………….Full Article: Source

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