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Shanghai – Strong Finish for 2009 and Positive Start for 2010
The Shanghai real estate investment market finished strong in 2009. The total value of major real estate acquisitions reached RMB 25.6 billion for the whole year, up 42% from 2008.The investment market was dominated by domestic buyers, owner occupiers, and the office sector. The start of the Year 2010 will undoubtedly be active with a total of 6 to 7 billion RMB worth of transactions currently in progress and targeted for completion in the first half of 2010.