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Real Estate Briefing - Categorized | Market Moves, Regulatory more

Property curbs make their mark in Shanghai

Posted on 03 April 2013

The latest government measures to reverse rising property prices are chilling speculation in Shanghai, while prospective homebuyers are waiting for the rules to take effect.
In Shimao Riviera Garden Shanghai, a high-end residential development that has attracted well-heeled buyers from across the region, an owner is offering his apartment for up to 10 percent less than the average market price. The owner, who also owns six other apartments, is offering discounts ranging from 5 percent to 10 percent on all the properties………………………………………..Full Article: Source


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