10.06.2011 - The China real estate boom may be finished: Now what?

Wall Street Journal ran this story that residential property prices in 9 major cities are already falling. According to Dragonomics, home prices in mine major cities tracked by Dragonomics recoded a 4.9% yoy drop in April. So one might declare that the story is finished. Although it can be taken as a good news for the bearish camp, this data point somewhat contradicts other data sources...............................................Full Article: Source

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