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Suzhou land sales halted as bids exceed limits

Wednesday, May 25, 2016 - 05:50

Shanghai

TWO land auctions were terminated in the Chinese city of Suzhou after bids surpassed limits set by the local government to stem a surge in prices.

Offers on Monday for two plots of land in the city, which is 30 minutes by train from Shanghai, exceeded ceilings established

sentifi.com

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