Investors looking to cash in on hot realty
By Hu Yuanyuan | China Daily | Updated: 2009-07-23 07:57
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A man reads a leaflet at a recent property trade fair in Shanghai. Property prices in China's 70 major cities were up 0.8 percent in June. CFP |
A number of foreign institutional investors have quickened their pace of cashing in on properties in Shanghai and Beijing, mainly due to tightened cash flow, imminent closing of realty funds and rising concerns of a possible policy change, industry insiders said.
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