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Gov’t regs start to cool China’s housing market

Posted on 30 September 2011

The Chinese central government’s sustained tough control measures on its property market appear to be paying off, according to the latest statistics. The rising housing prices in many Chinese cities have been greatly curbed, and signs of lower housing prices have appeared.
Transaction volumes fall, home prices stop rising. In many cities, developers have stepped up sales efforts, and transaction volumes have fallen. Secondhand homes are becoming more expensive than new homes. These three signals indicate that housing prices could fall……………………………………….Full Article: Source

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