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BIZCHINA / Construction |
Shanghai sees real estate surgeBy ()
Updated: 2007-06-27 11:12 Shanghai is now experiencing a surge of institutional involvement in its real estate market, including institutions from the US, Europe, Australia, Asia and the Middle East, according to a report released yesterday by CB Richard Ellis, one of the world's largest commercial real estate service firms. The total transaction amount of bloc acquisitions made by overseas institutional investors in Shanghai over the past three years reached 19.7 billion yuan, the report said. Despite the heightened barriers of entry, positive momentum remains, with a transaction volume of 3.8 billion yuan in the first quarter of 2007. (For more biz stories, please visit Industry Updates)
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