Residential land transactions in Shanghai totaled 4.82 million square meters in 2011, down 16.97 percent year-on-year. Transaction value fell 39.54 percent to 47.04 billion yuan.Premiums on land sales collapsed. Developers were paying average premiums of 100% in 2010; in 2011 the average premium was 40%. The highest value land sold this year, as priced per square meter, fell 60% from 2010's peak.
S&P Fails At The 50 DMA, AMZN SBUX SMCI Earnings
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The consensus narrative is that the correction over the last month has
ended as the S&P has bounced over the last week. But the S&P has still
failed to sur...
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