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Old 08-13-2011, 12:46 PM   #1
Bruce0p9y
 
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Default my blog will soon be introduced.

will soon be introduced.

For example my blog , from April 15 to 19 my blog , at an apartment complex near Chaoyang Park with an average price of 44,000 yuan ($6,445) per square meter, 10 units were sold with unit price ranging from 5 million to 12 million yuan, according to data from Yahao realty company.

Some expensive apartments in the development required payment in full. Most of the 200 new apartments put on sale at the development in January were reportedly sold out within three months.

According to World Union, a real estate service and consultancy company, 35 to 40 percent of the new homes costing at least 25,000 yuan per sq m required payment in full. In contrast, up to 80 percent of the homes costing up to 16,000 yuan per sq m were bought with loans.

The tightening of transaction regulations seems to have had a greater impact on ordinary purchasers, said Chen Jinsong, chairman of World Union.

"For purchasers of high-end propertyWholesale Cheap Jerseys steps to recapitalise Greek and European banks, their priority is to retain the asset value rather than quick investment returns," said Li Liqun, sales director of Runze Villas in Beijing.

At the same time my blog , of the passionate property speculators my blog , many still do not think they are the ones who are to blame for the city's skyrocketing housing prices. Mine owner Wang Jinhuan disagreed that colliery bosses from Shanxi province are among main purchasers of high-end homes.

"It is easy to understand why people think this way. But we don't have such power. As far as I know, Shanxi coal mine owners only account for a small number and cannot influence the whole market," Wang said.

Wang bought his first property in Beijing in 2004, he now owns more than 40 homes in the city, Economic Observer reported.

?(Source: China Daily)
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