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Beijing’s 5pct housing correction far from a collapse

Posted on 14 November 2011

If Beijing’s 5% correction in new housing prices is the signal for a collapsing housing market in China, one can only imagine what adjective used to describe the 40% correction in Las Vegas real estate: maybe apocalyptic.
For the first 10 months of the year, Beijing real estate prices have declined exactly 5.1%, according to the Beijing Real Estate Association………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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