30.04.2010 - Beijing residential property prices reportedly easing
From Marketwatch.com: Residential real-estate prices in some neighborhoods in Beijing appear to be easing by double digits in percentage terms since the government introduced stricter regulations to deter speculation, according to local media reports. Apartment prices in Beijing's Tongzhou district have dropped 13% to 18,500 yuan ($2,710) per square meter, from 21,500 yuan per square meter before the central government announced tighter mortgage-lending requirements on April 15, according to a report Wednesday by the Beijing Times, which cited data by Beijing Centaline Property........................................Full Article: Source
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