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Emerging Sectors Lead China’s Property Boom Boosting Real Estate Market
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Emerging Sectors Lead China’s Property Boom Boosting Real Estate Market
The real estate market in China remains sluggish, yet companies in emerging industries are increasingly active in purchasing commercial properties, either by acquiring land or by buying existing buildings to develop their own projects. Recently, a prime commercial site in Haitang Bay, Sanya, Hainan Province—located near numerous luxury resort hotels—sold for over CNY680 million (approximately USD94.6 million) to an esports company managing gamin…
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