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Overseas investors active in property deals
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Overseas investors were responsible for more than half the total value of real estate investment in Shanghai this year, a global property services provider said yesterday.
Major property investments, referring to deals valued at more than US$10 million each, jumped 50 percent from 2012 to 46.7 billion yuan (US$7.66 billion) across the city, according to DTZ, global real estate adviser. The overseas investors acquired 54 percent, or 25.3 billion yuan worth of properties, a year-on-year surge of 145 percent.
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