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Dalian to control home prices in new way after Beijing warned overheating risks

The city of Dalian in northeastern China is trying something new to keep a lid on home prices after Beijing warned about overheating risks in the local housing market for several times.

All property developers in the city are required to seek sales approval by inputting an apartment’s proposed price into a centralized computer system and home prices must be lower than the bottom price for similar dwellings sold . . .

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