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Beijing’s property sales fall 12pct in 2011 on gov’t curbs

Posted on 20 January 2012

Sales of commercial real estate and housing in Beijing declined 12.2 percent year-on-year in 2011, a sign that government curbs have cooled the capital’s once red-hot real estate market.
Property developers in Beijing sold 14.4 million square meters of commercial estate and housing last year, Yu Xiuqin, spokeswoman of the Beijing municipal bureau of statistics, told a press briefing Thursday………………………………………..Full Article: Source


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