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The rebound in China's housing market...>

CHINA PRESS
CHINA PRESS: The rebound in China's housing market has begun to cool after
lasting just over a month, the China News Service reported on Tuesday. The
turnover of established houses in Beijing, Shanghai, Shenzhen and Guangzhou
declined by between 20 to 30% m/m in April, the newspaper said citing data by
the Beike Research Institute which is affiliated with the Homelink Real Estate
Agency. The rapid recovery of the housing market is not sustainable because
financial regulations may be tightened and mortgage support for first-time home
buyers announced at the beginning of the year may be curbed, the newspaper said
citing Xu Xiaole, chief market analyst at Beike Research Institute.

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