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China real estate prices slowly declining as policy demands take hold

Posted on 07 November 2011

It’s a “different kind” of housing bubble in China, and it is popping slowly in most cities, with the exception of Shanghai, mainland China’s most expensive. According to a feature published in China Daily on Saturday, home sales and home prices are on the decline.
Chang Zhi, chief analyst of Century 21 China Real Estate, told the paper that he expects more real estate companies in the second- and third- tier cities to follow in the footsteps of the big realtors and cut real estate prices under the current policy………………………………………..Full Article: Source


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