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Local villa market stable
9/6/2005 17:51

Gu Jia/Shanghai Daily news

Local villa prices won't decrease under the pressure of the macro-control policies, but there will be huge improvements in architectural design and property management, promised most local villa developers yesterday.
Yuan Keke, general manager from the Shanghai YKBC Real Estate Agent Co., affiliated to the ZK Group, explained that the present policy on real estate control is specially targeting speculaters.  However, statistics show that most villas are the residences of the buyers.
"We will wait and see, " said Yuan, "But the policy won't shift the general trends in the villa market."