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Beijing home prices drop slightly in 2012

Posted on 09 January 2013

Beijing home prices are usually a crucial gauge for the property market in China. Fresh data released by the Beijing Real Estate Association shows that in 2012, Beijing’s property prices dropped slightly. Still, home prices located within the fourth ring road saw a major increase.
Looking at the big picture over the past year, the average newly built commodity housing price in Beijing was 20,700 yuan per square meter, about 3,300 U.S. dollars, dropping 7.6 percent from the previous year………………………………………..Full Article: Source


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