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Luxury home prices down, thanks to new regulations

By Shen Jingting | China Daily | Updated: 2010-05-03 06:40

Luxury home prices down, thanks to new regulations

Chang'an Avenue No 8, a premium property project, says it will not lower prices despite government measures as well as residents' outcry to cool down property prices. WANG JING / CHINA DAILY

And tougher property rules are on the horizon, Shen Jingting reports

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