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China property market feels the chill

01-30-2012 13:45 BJT

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It's not just property in China's major cities that are feeling the winter chill, but the country's smaller cities also experienced a lull during the spring festival holiday.

In Suzhou city, Jiangsu Province, nearly 80 real estate agents took the festival off -- and with good reason, as nearly no sales were made in the first three days of the holiday.

In the following three days, only 18 apartments were sold.

Most potential buyers say they are taking a wait-and-see approach and expect housing prices to decline further.

Analysts say China’s restrictive property policies have had obvious effects at the start of the year.

Editor:Zhang Rui |Source: CNTV.CN

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