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Beijing home prices drop 11 pct

Posted on 16 January 2012

Prices for new residential apartments in Beijing are estimated to have dropped by 11.3 percent year on year in 2011, as the government’s policies to cool the sizzling property market took hold.
The average price of a new apartment in the Chinese capital dropped to 13,173 yuan (2,091 U.S. dollars) per square meter in 2011, when about 78,000 units were sold, the Beijing Real Estate Association reported…………………………………………Full Article: Source


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