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China: New home buy curbs effective

Posted on 30 October 2012

The government’s property measures announced last Friday will effectively contain home prices, but there is little room for price correction, analysts generally believe.
Expecting demand to slump by about 20 percent due to the newly announced heavy-handed measures, Nicole Wong, regional head of property research at CLSA, said she only expects some 1 to 2 percent immediate price drop as there are few sellers now in the market and the impact will be absorbed mainly in the form of slower transaction volume………………………………………..Full Article: Source


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