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China’s real estate market on the decline

Posted on 06 September 2011

China’s overheated real estate market is showing signs of correction. With a glut of overpriced, vacant residential real estate on their hands, many large developers in Beijing have been offering steep discounts recently, even 60 percent. But the developers may be taking a hard hit, Chinese experts say, as they are sitting on a mountain of debt, according to a recent report.
During the past couple of years China has experienced a real estate boom. Residential real estate prices have gone sky-high……………………………………….Full Article: Source


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