Beijing Housing Prices Begin to Fall
Published:
2010-05-11
With the Chinese government taking a tough position on curbing the speculative property market, housing prices in Beijing, Shenzhen and Shanghai have fallen. The prices in Wangjing, an emerging residential district in northeast Beijing that has been targeted by speculators in recent years, has decreased to 22,000 yuan per square meter from 25,000 yuan in mid-April.
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