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07.18.2013 18:02

Property Markets in Smaller Cities 'Troubled by Oversupply'

Lack of development strategies and drivers of growth are blamed for problems facing the country's third-tier urban areas
By intern reporter Huang Jin

(Beijing) – The property markets in China's smaller cities are increasingly troubled by oversupply, the CEO of a real estate services company says.

On July 16, the real estate research institution CRIC Group released a ranking of 288 cities in the country according to the risks they faced. About 200 cities on the list were smaller, or third tier, cities.

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