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Shanghai allows record home prices by builder

Developer can set prices for its units as high as 298,000 yuan per sq m
Friday, July 11, 2014 - 06:00

[SHANGHAI] Shanghai, China's financial centre, has approved a developer to seek the highest ever home prices in the city, in an effort to boost its sluggish luxury-home market. Shenzhen Overseas Chinese Town Co can set prices for its high-end residential properties as high as 298,000 yuan (S$59,