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- Real estate transactions total US$9b
Date: 26-Mar-2007 Sources: (Shenzhen Daily)
THE transaction volumes of China's real estate hit a record of US$9 billion in 2006, an increase of 69 percent year on year, according to a recent research by Jones Lang LaSalle. Investment of foreign funds in the country's real estate market accounted for 60 percent of the total last year, the research said. Cross-border investment represented 32 percent of the total investment in the Asia-Pacific region, up from 29 percent, it reported.
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