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IFM Investments Limited (CTC) Message Board

  • chinarallpigsaccountedfor chinarallpigsaccountedfor Oct 24, 2013 8:08 PM Flag

    Average cost of new homes gains By Cherry Cao | October 22, 2013, Tuesday

    Huang Hetao, a research manager at Century 21 China Real Estate, operator of the city’s largest estate chain by outlets, said the current strong momentum will “extend at least through the end of this month as demand from buyers remained buoyant.”

    He added that most developers remained upbeat about the industry prospects after recording robust sales over the past two months.

    As of Sunday, new home purchases in Shanghai totaled 764,000 square meters in October, down 1.6 percent from the same period in September but a surge of 50.4 percent from same time a year earlier, Century 21 data showed.

    Sentiment: Strong Buy

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