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The market for established houses is....>

CHINA PRESS
CHINA PRESS: The market for established houses is warming up in hotspot cities
with the both prices and the number of transactions rebounding, according to a
report published by Industrial Securities. The report says that prices of
established houses in Beijing, Shanghai and Shenzhen have increased 4%, 12% and
8% respectively since the beginning of this year, with transaction volumes in
Beijing and Shenzhen up by 40% y/y this week. The report says the outlook for
established housing in first and second-tier cities is positive in the coming
years.

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