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mainland realestate market


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That policy comes very late in a long decline of basic Mainland values.  Demand has been shrinking steadily for years, to the point that there are now some parcels so undesirable that they won't even get a L$0.5/sq.m. opening bid at auction.  That being the case, it's difficult to argue that the L$1/sq.m. policy has much effect at all.  It might make conditions more apparent, but I doubt it's much changed the underlying market.
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