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High-speed rail fails to draw home-buyers

07-13-2010 08:48 BJT

China's first high-speed railway from Shanghai to Nanjing, has done little for house prices along the line. Many expected the rail network to boost home sales and prices. But ten days after the inaugural journey, little has changed.

Developers plugged the favorable position for properties on sale near Kunshan Station. But transaction volumes have actually declined since the opening of the high-speed railway.

Analysts say the high-speed trains tickets cost nine yuan more than ordinary train fares, but only save 10 minutes. It´s not attractive enough to drive up property demand along the line.

Editor:Xiong Qu |Source: CCTV.com

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