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China property curbs take effect on prices

Posted on 29 September 2011

China’s property tightening measures are starting to have an effect on its overheated real-estate sector, putting a cap on prices and pointing to a possible decline, the overseas edition of the People’s Daily said Wednesday.
In many cities, transaction volumes have fallen and developers have had to step up sales efforts. Prices of secondhand homes are also becoming more expensive than new homes, said the Communist Party’s flagship paper, citing these as signals that housing prices could fall……………………………………….Full Article: Source


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