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Chinese housing market sees turning point

Posted on 08 November 2011

The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to drop housing prices nationwide, which indicates that the market is moving closer to a turning point.
Official statistics shows that the housing inventory in China’s first-tier cities is increasing, which is a desired downward trend for private homebuyers………………………………………..Full Article: Source


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