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Old Aug 24, 2009 | 9:49 pm
  #18  
anacapamalibu
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Join Date: Oct 2005
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Originally Posted by jiejie
But let's do the math, that 50,000 RMB/sqm = USD $680+ per square foot, using current exchange rates. Does anyone seriously believe that anything in Shanghai or anywhere in the PRC is truly worth that much? .
That's the current median price per sq ft for a home in Beverly Hills.
170 sales in one week...

Pudong Star River, whose average price stands at 49,753 yuan per square meter, sold 170 units last week and ranked first in terms of weekly sales.
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