12.01.2012 - Shanghai housing prices to drop in 2012: Mayor
Shanghai Mayor Han Zheng on Wednesday said the government will continue with its policies aiming to bring down the prices of the city's new residential apartments. Han told a municipal congressional meeting that Shanghai will carry on implementing the central government's package of policies, which include mortgage restrictions and limits on the numbers of homes people can own, to cool the property market while increasing land supply and deepening property tax reforms...............................................Full Article: Source
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