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China: New rules spur housing transactions

Posted on 11 March 2013

In the week since stricter measures were rolled out to tame China’s property market, 9,400 units of second-hand homes were sold in Beijing, local authorities said Saturday. The figure marked a 140.5-percent week-on-week increase and a 279.5-percent increase from the period of Feb. 2-8, according to statistics published on the website of the Beijing Municipal Commission of Housing and Urban-Rural Development.
Amid expectations for rising home prices, China’s central government issued rules to further tighten controls on the property market on March 1………………………………………..Full Article: Source


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