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Shanghai housing market posts huge sales spike

Posted on 15 January 2013

Shanghai’s housing bubble took a deep and hefty breath last week as sales prices rose 17.3 percent in one of China’s richest cities.
New home sales hit 264,200 square meters in a week with average prices stable to declining, coming in at 20,677 yuan ($3,282) per square meter, Shanghai Deovolente Realty Co said. (That’s still cheaper than comparable American cities. A 1,200 square foot apartment in Shanghai will run you under $400,000. Try finding that in New York or Boston.)……………………………………….Full Article: Source


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