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| Wednesday, August 20, 2008 21:56:17 |
Shanghai moves against realty speculators
The Shanghai Housing, Land and Resources Administrative Bureau announced that property developers in Shanghai found to have withheld apartments for speculation purposes could lose their license, the Xinmin Evening News reported. Once building is completed, developers that refuse to sell their apartments without sound reasons will be considered speculators and get a bad credit record. Those who ...
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