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Pre-owned home price imbalance develops in Shanghai

CCTV.com

08-24-2016 16:12 BJT

The prices of pre-owned homes in Shanghai is diversifying in different regions. Data suggests that home buyers in the city prefer to buy homes in Shanghai's outskirts while pre-owned home prices are cooling downtown.

Real estate agencies say pre-owned homes valued below three million yuan are popular among buyers. However, most homes in downtown Shanghai cost about five million yuan. That drives potential buyers to the city's outskirts.

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