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10.11.2012 16:50

Land Sales Start to Rebound, Consulting Firm Says

Transfer fee figure for September reportedly the highest of a year, and a sign the market is improving
By staff reporter Yang Qiubo
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(Beijing) – Land transfer revenues for ten major Chinese cities totaled 48.5 billion yuan in September, up 49 percent from August, a report by E-house China R&D Institute released on October 10 said.

The September figure was the highest of the year and a sign that the market has warmed, Wu Xiaojun, an analyst for the real estate consulting firm in Shanghai, said.

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