SHANGHAI-Property prices continued to increase in China in Q2'10. Land sales in recent years have caused prices of residential properties to skyrocket in many cities.
Land prices increased by 1.5% in Q2'10 over the 2.3% increase in Q1'10 in 105 major cities across China. The growth rate in the price of land set aside for residential properties decreased to 1.24% in Q2'10 while commercial property prices and industrial land prices fell by 0.36% and 0.53%, respectively. For the full story, go to Wall Street Journal.
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