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Shenzhen Daily: Shenzhen housing prices down 30 percent

by Jane Lai

SOME 340,000 square meters of new homes were sold in Shenzhen at an average of 12,706 yuan (US$1,860) per square meter in October. And while that space volume was similar to September’s sales, the average price was down nearly 30 percent over last October, Shenzhen’s housing authorities said in their latest report released Sunday.

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