Cooling real estate market-tough time for property developers

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Source: China.org.cn

China's tough monetary policies aimed at cooling real estate market undermined the property mania in the country. The volume of transactions on the real estate market tumbled sharply in October by 27.56% coupled with weaker sales price that fell by 1.65%. Experts believe the market approaches turning point after recent exorbitant growth.

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Wed, 21 Dec 2011 10:32:14 GMT

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