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China: Prices hint at faith in real estate market

Posted on 29 June 2012

A number of recent commercial real estate deals with astounding bid prices suggest that developers are gaining confidence but are also giving rise to concerns that the money pouring into commercial property in search of a quick return will burst a bubble.
On June 18, the Chinese property developer Evergrande Real Estate Group Ltd set a record for land prices in Guangzhou when it bought a plot for the equivalent of 32,9687 yuan ($5,184) per square meter………………………………………..Full Article: Source


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