Economy
Shanghai sees housing price cuts
(Agencies)
Updated: 2010-05-07 16:11
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Nearly 40 housing complexes in Shanghai have seen price cuts since the start of April, data show, with Greenland Group cutting prices at five projects, taking them as low as levels seen late last year, while Poly Real Estate Group has also cut prices at one of its projects.
Shenzhen formally issued details on measures to rein in its property markets, including a halt to loans for purchases of third homes, although the measures are milder than those adopted in Beijing.
