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China says 2013 land price inflation to quicken

Posted on 16 January 2013

China’s land price inflation for residential homes is expected to quicken this year after picking up in the fourth quarter, the Ministry of Land and Resources said on Tuesday, amid growing expectations that the property market is rebounding.
The average price of land for residential homes rose 1.2 percent to 4,620 yuan ($740) per square meter in 105 cities between October and December compared to the third quarter, the ministry said. Prices had risen 0.9 percent in the third quarter………………………………………..Full Article: Source


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