China Housing Bust – Prices in Ordos Fall by 62.5 Percent

posted by Nima

November 25, 2011 · Posted in Global Economics 

From China Financial Daily:

Living in the edge of the Ordos storm , Ordos was beset with a different version of real estate lending Wenzhou panic . For example, local ” Jinxin Han Lin Yuan ” project , its second-hand house prices are around 10,000 yuan, while the market price now only is 3750 yuan.

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