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China land prices slump in some cities in Q4-radio

Posted on 16 January 2012

The price of land for building homes in China continued to fall in the last three months in more than a third of its cities compared with the previous quarter, and will probably continue to head south in the next few months, state radio reported on Sunday.
They also fell in several cities compared with a year ago, it added, as Beijing’s two-year campaign to head off a market bubble in the real estate market resulted in falling transactions and prices that forced developers to halt their expansion…………………………………………Full Article: Source


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