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Shanghai denies plan to buoy home sales

Posted on 01 March 2012

Shanghai has tightened restrictions on home sales, denying a plan that would have enabled short-term residents to buy a second residential unit.
Analysts say the stance is a signal that it is still too early for the government to loosen its tight grips on the property market, putting a brake on the days-long rally of property stocks on the Shanghai Stock Exchange on Wednesday………………………………………..Full Article: Source


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