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No deal yet for Shanghai's costliest flats
By Cao Li and Wang Xu (China Daily)
Updated: 2005-11-08 05:50

Since March, the central government has put in place a series of measures to curb speculation in the nation's housing market, including higher mortgage rates, especially for luxury developments.

In June, in a move to drive out speculation on the housing market, Shanghai started levying heavy taxes on housing transactions.

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