Villas still give investors home comforts
By Yu Ran | China Daily | Updated: 2011-02-21 07:33
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This unoccupied house is in the Jingjin New District in Tianjin, which is said by its developers to be Asia's largest luxury villa compound. It has a vacancy rate of 90 percent seven years after it was built. (File photo, August 2010) Liu Bin / for China Daily |
Despite high vacancy rates and concerns over property tax, prices continue to tempt buyers looking for a good return on their expenditure, Yu Ran reports in Shanghai.
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