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Real Estate

Shanghai moves against realty speculators
By STAFF EDITOR
Published: August 24, 2007 03:48 PM
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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