Here is a list of the day’s latest China real estate news collected from around the web:
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Singapore’s Foreigner Housing Purchase Demand Beat Local in 2011, DTZ Says
Singapore’s private home purchases by foreigners rose 20 percent in 2011 even as demand from Singapore citizens and residents fell, DTZ Holdings Plc. Foreigners bought a record 5,246 housing units last year, surpassing the earlier record of 4,982 units in 2007, the property brokerage said in a report.
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China Developers Face Bleak Times
More than 80 percent of the listed Chinese property developers posted year-on-year declines in transaction area in January, and an increasing number are beginning to offer discounts amid a sluggish market and continued real estate curbs, reports Xinhua News Agency, citing E-house China R&D Institute.
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Wen Seen Paring China’s 8% Growth Target on Rise in Inequality
China’s Premier Wen Jiabao is seen signaling next month that curbing pollution, inequality and the risk of financial instability eclipse the benefits of faster economic growth, a survey of analysts indicated.
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