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China: Property market slows as panic subsides

Posted on 14 May 2013

The value of new home purchases in China rose at a slower pace in the first four months with home seekers feeling less panicky in April compared to a hectic March.
Sales of new residential properties, excluding government-subsidized affordable housing, jumped 65.2 percent from a year earlier to 1.69 trillion yuan (US$273 billion) between January and April, the National Bureau of Statistics said. That compared with 69 percent annual growth registered in the first quarter………………………………………..Full Article: Source


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