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Foreigners cold to home buys despite policy flip

By Hu Yuanyuan | China Daily | Updated: 2009-02-13 07:51

Foreigners cold to home buys despite policy flip

Traffic flows under an overpass past an ultra-modern housing complex called SOHO in downtown Beijing. Bloomberg News

Eric Chan, a Hong Kong resident currently working in Beijing, had been feeling gung-ho ever since the city's municipal government reversed on Jan 23 its policy of restraining foreigners from home purchases.

Foreigners cold to home buys despite policy flip

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