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Real Estate Briefing - Categorized | Finance, Market Moves more

China researcher: Almost no property speculation

Posted on 25 June 2012

There is basically no speculative demand in China’s property market after a more than two-year strict control in the market, state-run Xinhua News Agency reported Sunday, citing a government researcher.
Qin Hong, head of the policy research center under the Ministry of Housing and Urban-Rural Development, said in the report that China will continue to implement the strict measures to curb speculative demand and guide the property prices back to a reasonable level, adding that currently 80%-90% of purchase is based on genuine demand………………………………………..Full Article: Source


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