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Pre-owned property deals soar
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TRANSACTIONS of pre-owned properties in Shanghai, mainly residential, soared 62.7 percent from March to about 36,000 units last month, the second-highest monthly volume registered, Shanghai Deovolente Realty said yesterday.
The transactions marked a surge of more than 109 percent year on year, and favorable polices were cited for the jump.
Shanghai’s record for monthly transactions of pre-owned properties was set in March 2013, when 70,500 units were sold.
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