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Xinyuan Real Estate Co., Ltd. Message Board

  • harleyridingman2 harleyridingman2 Sep 19, 2012 7:37 PM Flag

    China Property Prices Rise for Third Straight Month. this is the head line of a wall street journal article

    dated 9/18/12 here is an excerpt from the article thank you Wall Street Journal, all rights reserved
    "Dow Jones Newswires' calculations showed prices in the 70 cities increased by 0.05% on average in August from a month earlier, compared with a 0.13% increase in July and a 0.02% increase in June.

    Prices of newly built homes in major cities such as Beijing, Chongqing and Shenzhen were marginally higher in August compared with July.

    Prices fell 1.19% on average in August from a year earlier, decelerating from a 1.23% decrease in July and slower than a 1.30% decline in June, according to calculations by Dow Jones Newswires.

    The real-estate market suffered under more than two years of a government campaign to prevent excessive price rises, but signs of a turnaround appeared after the government began supporting first-home buyers in February as part of efforts to prop up a slowing economy. Housing inventories are now being whittled down at a slightly faster pace in China's first and second tier cities, but remain high in lower tier cities."

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